Property pane gets in the way - need to shrink it down a bit

My monitor resolution isn’t big enough for my project and the property pane and the smallest I can make it is still too big.

Can it be hidden or set to size smaller?

If you are using version 1.5.3 or later, the divider between the property pane and the project design area has a small collapse arrow (left-pointing) near the top. Press it, and the property pane will collapse to the left, until you make it re-appear by pressing the restore (right-pointing) arrow.