This is not about a user hiding info on their own profile. It's about a user going to someone else's profile and choosing to not see certain information.

Boy did I miss read that one! I need a nap! :D

Ok this is what I put
<if condition="$bbuserinfo[field18] === 'Yes'"><div>Gender Status Icon</div></if>

should I put a comma between Gender and status Icon? or did I do that bit wrong?

Where did you put that code? And, you need to put the actual *code* from the templates between the conditon.

I put it in my postbit...

So you mean like the field number?

Here is an example from my site. I have field 6 which asks users whether they wish to see post count or not:
So, if field 6 says Yes (they do wish to see a users post count), then the post count is shown.

hmm it is still not working for me..

Field18 asks if members want to show postbit icons like "Gender, and status"

<if condition="$bbuserinfo[field18] === 'no'"><div>$vbphrase[gender]: $gender[gender]</div></if>

I only have it for gender right now, but I set mine to no, and I still see them.

Well, your logic says "if it's set to no, show it" which is the opposite of what you want. You want, "if it's set to yes, then show it".

Ok so I changed it to
<if condition="$bbuserinfo[field18] === 'yes'"><div>$vbphrase[gender]: $gender[gender]</div></if>

but its still not working on my end, and I did switch my answer to yes on my end.

Well, if you switched your answer to yes, then it is going to show according to that condition.