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In this tutorial, Greg from SharePoint Maven demonstrates how to hide fields in a SharePoint list or document library using conditional formulas. He illustrates this using a document library with two metadata columns: a status column (with options for active and inactive) and an expiration date. Currently, the expiration date field is always visible, regardless of the status selected. Greg aims to configure it so that the expiration date only appears when the status is set to "active." If the status is marked as "inactive," the expiration date field will not be displayed, streamlining the metadata entry process for users.