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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 shows a document library with two metadata columns: a status column (with options for active or inactive) and an expiration date. Currently, the expiration date always appears when users fill in the metadata. Greg explains that he wants the expiration date to be visible only when the status is marked as active; if marked inactive, the expiration date should not appear. The tutorial focuses on implementing this conditional visibility for improved user experience in managing document metadata.