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In this tutorial, Greg from SharePoint Maven explains how to hide fields in a SharePoint list or document library using a conditional formula. He illustrates this with a document library containing metadata columns: 'Status' (with options active and inactive) and 'Expiration Date' (a date field). Currently, the 'Expiration Date' field always appears when users fill in the metadata. Greg aims to modify this behavior so that the 'Expiration Date' column only displays when the status is marked as active. When the status is set to inactive, the 'Expiration Date' should disappear, streamlining the metadata entry process based on the selected status.