So I did a little more playing around with another site I have.
In the following code, notice I perform an if/then/else on the $product.productid eq 90. 90 is the Product ID for Party Deposit and it hides the multiplier options for just the Party Deposit. (see attachment) I've been trying to figure this out for MONTHS! Oh well...Done now.
Code:
<span class="product-price-text">
{if $product.productid eq '90'}
{else}
{currency value=$price} x {if $active_modules.Egoods and $product.distribution}1<input type="hidden"{else}<input type="text" size="3"{/if} name="productindexes[{$product.cartid}]" value="{$product.amount}" /> = </span>
{/if}