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In this video tutorial, Greg from SharePoint Maven demonstrates how to hide fields in a SharePoint list or document library using conditional formulas. He uses 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. Greg explains that his goal is to make the expiration date column visible only when the status is set to active. When the document is marked as active, users will be prompted to fill in the expiration date. Conversely, if the status is inactive, the expiration date field will not appear.