Brett,
you can do this using a template for the item, eg
[PENCIL]<div style="visibility: hidden;">[FORMITEM]</div>
Do not hide the pencil! (Otherwise you won't have a chance to edit the form item, except directly in the database...). Please be aware that the default rendering (if nothing else is defined in the Settings) is a table row. If you did not change these, you should use something like:
<tr><td colspan="3">[PENCIL]<div style="visibility: hidden;">[FORMITEM]</div></td></tr>
Best wishes
Michael