Display column titles in custom list forms

SharePoint never really caeses to surprise me, especially when I happen to find out some hidden gems I didn't know existed. This time the hidden treasure is called FieldProperty.
Citing the MSDN, the <SharePoint:FieldProperty> control is a FormComponent control that lives under the Microsoft.SharePoint.WebControls namespace and represents a property of a field, that is a column, on a list.
The value of this little control may not be immediately apparent, but I think you will appreciate its usefulness once I'll have showed you the role it plays in a very common scenario like the one described below.