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In this tutorial, Greg from SharePoint Maven demonstrates how to hide fields in a SharePoint list or document library using a conditional formula. He uses a document library example with two metadata columns: status (active, inactive) and expiration date (a date field). Currently, the expiration date field is always visible when users input metadata. Greg explains that he wants the expiration date column to only appear if the status is marked as active. If the document status is set to inactive, the expiration date field should be hidden. This functionality allows for a cleaner and more user-friendly experience when managing metadata in SharePoint.