If you simple need to display one thing, like FPS or a small watermark I still like the legacy OnGUI() functions
http://docs.unity3d.com/Manual/gui-Basics.html
You can place an IF statement inside of here and wrap it around everything
void OnGUI () {
if(bool == true)
{
// simple, but you could put tons of logic in here too
GUI.Label(new Rect(20,40,80,20), "Text Here, COOL! "));
}
}
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