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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 illustrates this with a document library containing a status column (with options active and inactive) and an expiration date field. Currently, the expiration date appears regardless of the selected status. Greg explains his goal: to make the expiration date field visible only when the status is set to active. When the status is marked as inactive, the expiration date should not be displayed. The tutorial aims to show users how to implement this functionality effectively.