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In this tutorial, Greg from SharePoint Maven demonstrates how to hide fields in a SharePoint list or document library based on a conditional formula. He uses a document library with two metadata columns: status (with options for active and inactive) and expiration date. Currently, the expiration date field is always visible when users fill in metadata. Greg explains that he wants the expiration date to be shown only when the status is marked as active. If the status is set to inactive, the expiration date field should disappear. The video guides viewers through implementing this conditional visibility for improved user experience.