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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 explains a scenario involving a document library with two metadata columns: a status column (with options for active and inactive) and an expiration date column. Currently, the expiration date field is visible regardless of the status selection. Greg aims to configure it 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 feature enhances the user experience by displaying relevant fields based on the selected status.