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In this tutorial, Greg from SharePoint Maven explains how to hide fields in a SharePoint list or document library using a conditional formula. He demonstrates this using a document library that has two metadata columns: a status column (with options of active and inactive) and an expiration date column. Currently, the expiration date field is always visible when filling out metadata. Greg wants to modify this 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 should disappear, allowing for a cleaner user experience when managing metadata.