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In this tutorial, Greg from SharePoint Maven explains how to hide fields in a SharePoint list or document library using conditional formulas. He demonstrates this with a document library containing two metadata columns: a status column (with options for active and inactive) and an expiration date field. Currently, the expiration date appears regardless of the status selection. Greg aims to ensure that the expiration date column only displays when the status is marked as active. If the status is set to inactive, the expiration date field should not be visible, thus streamlining the metadata entry process.