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In this tutorial, the video demonstrates how to hide placeholder text in content control form fields used to create forms. Placeholder text appears in light gray to prompt users to fill in the field, but some users may prefer it not to display. The presenter guides viewers through the process of hiding this text using an example form that employs plain text content control fields. By entering design mode, users can highlight the placeholder text, including any punctuation, then right-click to access the font settings. In the font effects box, there is an option to hide the selected text. For more tips on creating fillable forms, viewers are encouraged to check out the related playlist on the channel.