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In this video tutorial, Peter Combs from John of Gaunt Rom-Com Business Solutions explains the document properties in a regular document library within a demo intranet. He demonstrates how to access the properties of a document by clicking a button. The document has a name and an additional title field, which has historical significance dating back to Word 2.0. Although it's possible to hide the title field, Peter emphasizes its importance, noting that he has previously created a workflow that automatically sets the title field. This field can be critical for document management, so viewers should reconsider removing it.