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In this tutorial, Greg from SharePoint Maven demonstrates how to hide fields in a SharePoint list or document library using a conditional formula. He showcases a document library with two metadata columns: status (active or inactive) and expiration date. Currently, the expiration date always appears, regardless of the status selected. Greg's goal is to make the expiration date column visible only when the status is set to active. He explains that when a document is marked as active, the expiration date field should prompt the user to fill in a date, whereas if the status is marked as inactive, the expiration date field should disappear.