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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 a conditional formula. He presents a document library featuring two metadata columns: a status column (with options for active and inactive) and an expiration date column. The goal is to ensure that the expiration date field only appears when the status is marked as active. When a document is set to inactive, the expiration date field should be hidden. Greg explains how to implement this functionality to streamline the data entry process for users.