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In this tutorial by Greg from SharePoint Maven, he demonstrates how to hide fields in a SharePoint list or document library using a conditional formula. He illustrates this with a document library that has two metadata columns: status (with options for active or inactive) and expiration date. Currently, the expiration date appears regardless of the status selected. Greg explains that he wants the expiration date column to only appear when the status is set to active; when the status is inactive, the expiration date field should be hidden. This conditional visibility enhances user experience by streamlining the metadata entry process.