Overview:
Col-A = has bunch of values
Col-B = has the desired values
Col-C = a list of all the desired values
Col-A Col-B Col-C V1 x V1 V2 V2 V3 x V5 V4 V5 x
Desired:
Display Col-C values through a formula
We use a helper column to avoid array formulas. In D2 enter:
=IF(B2="x",1+MAX($D$1:D1),"")
and copy down. Then in C2 enter:
=IFERROR(INDEX(A:A,MATCH(ROWS($1:1),D:D,0)),"")
and copy down:
EDIT#1:
In C2 place the array formula:
=IFERROR(INDEX($A$1:$A$9,SMALL(IF($B$2:$B$9<>"",ROW($B$2:$B$9)),ROW(1:1))),"")
and copy down: