I would also like to recommend vscode extension Peep, which allows you to toggle hide on the excluded files in your projects settings.json.
Hit F1 for vscode command line (command palette), then
ext install [enter] peep [enter]
You can bind "extension.peepToggle" to a key like Ctrl+Shift+P (same as F1 by default) for easy toggling. Hit Ctrl+K Ctrl+S for key bindings, enter peep
, select Peep Toggle and add your binding.