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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 presents a document library with two metadata columns: a status column (active/inactive) and an expiration date. Currently, the expiration date field is always visible. Greg aims to configure the view so that the expiration date only appears when the status is marked as active. If the status is set to inactive, the expiration date field will be hidden. This functionality enhances user experience by simplifying the metadata entry process based on the selected status.