Right-click on the clip you want to "hide" and select the Disable option.
Actually, when you right click the clip, you will not see a Disable option.
In the pop up menu that appears will be a Enable option with a check mark next to it. To Disable remove the check mark.
Thank you Steve! So simple, doh!
Thank you A.T. Works like a charm.
I can't believe I couldn't figure that one out, lol! Oops!
Steve and ATR are essentially saying the same thing. There is at least one another way.
You can also use the Opacity slider in the Applied Effects tab to "see through" the upper clip. Depending on which one you put on top, you could see through the timer to the speaker or see through the speaker to the timer.
If you did want to go the Opacity route for revealing your content under video on Video Track 2, you might want to consider
doing it this way....
I am using Premiere Elements 13/13.1 for the model, but this would be applicable to other versions as well. In the following screenshot, note that each of the video clips (on Video Track 1 and Video Track 2) has an orange line running horizontally through it. This is called the rubberband. For the video clip on a Video Track, the rubberband represents Opacity by default. So you can click/drag up or down on that rubberband (orange line) to change the Opacity ranging from 100% to 0%.
Screenshot 1 shows the condition when both Video Track 1 and Video Track 2 clips are both at 100% and only the Video Track 2 clip is showing. The rubberband is at the top of the clip (100%).
Screenshot 2 shows the condition after the Video Track 2 clip's rubberband is clicked and dragged from the top to bottom of the clip (100% to 0%). Now only Video Track 1 clip is shown on screen..