If you go into Fullscreen slideshow mode, the overlap will fade out after a few seconds when nothing happens. The arrow keys will not bring them back, but the window is full screen.
If you want the same effect in a smaller window, there is a bug present in the viewer you can abuse.
Click on the arrows at the bottom right corner. When it goes full-screen, wait for the image to properly show, then press escape to exit full-screen mode. The controls remain hidden until you click inside the window.
Alternatively, you could download an actual image slideshow program.