Disable automatic text box?

[#1]

Previously when using photoshop I could click anywhere using the text tool and it would freely type from wherever I had clicked.  Now it just automatically draws a giant bounding box for the text.  How do I disable this?

[#2]

Previously when using photoshop I could click anywhere using the text tool and it would freely type from wherever I had clicked.  Now it just automatically draws a giant bounding box for the text.  How do I disable this?

[#3]

If you click with the Type tool, Photoshop enters placeholder text and highlights that text. If you drag with the Type tool you get a specific area to type within.

If you want to click and not see the highlighted placeholder text, in Preferences, turn off "Fill New Type Layers With Placeholder Text".