The Expression Builder gives you access to each field that makes up the list. Using the field you can perform calculations such as populating calculated fields or default values. An Example would be [FirstName]+” “+[Title] within a Contacts list to form the Fullname.
Use the dropdown to select between the different expression types.
Enter the expression in the text editing box.
To assist inserting placeholders, all available fields and context object placeholders on the right hand panel are shown and can be added using the arrow button or double-click. Afterwards expression can be checked by clicking the Test button. The result is then shown along with the editable form. The forms buttons are disabled in this mode, but using the Test button again expression can be re-evaluated.
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