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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 with a document library that contains a status column (with options active and inactive) and an expiration date column. Currently, the expiration date is always visible when users fill in the metadata, regardless of the status. Greg wants the expiration date to appear only when the status is marked as active. He explains that if the document is marked as inactive, the expiration date column should not be displayed, effectively making it conditional based on the selected status.