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In this video tutorial, Greg from SharePoint Maven demonstrates how to hide fields in a SharePoint list or document library using conditional formulas. He explains the scenario of a document library with two metadata columns: a status column (with options for active and inactive) and an expiration date column. Currently, the expiration date field is always displayed when users enter metadata. Greg's goal is to ensure that the expiration date only appears when the status is marked as active. When a document is set to inactive, the expiration date column should disappear. He outlines the steps to implement this conditional visibility in the SharePoint interface.