In this paper, we outline a novel, forward error correction-based information hiding technique for adaptive rate wireless communication systems. Specifically, we propose leveraging the functionality of wireless local area network modulation and coding schemes (MCS) and link adaptation mechanisms to significantly increase covert channel throughput. After describing our generalized information hiding model, we detail implementation of this technique within the IEEE 802.11ad, directional multi-Gigabit standard. Simulation results demonstrate the potential of the proposed techniques to develop reliable, high-throughput covert channels under multiple MCS rates and embedding techniques. Covert channel performance is evaluated in terms of the observed packet error ratio of the underlying communication system as well as the bit error ratio of the hidden data.