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In this tutorial, Greg from SharePoint Maven explains how to hide fields in a SharePoint list or document library based on conditional formulas. He demonstrates this using a document library that includes two metadata columns: a status column with options "active" and "inactive," and an expiration date field. Greg seeks to ensure that the expiration date column only appears when the status is set to "active." When users mark a document as inactive, the expiration date field should disappear. This feature allows for a cleaner user experience by only prompting relevant metadata inputs based on the document's status.