VM on VM: Enable Hyper-V role on Windows Server 2012 inside VMWare

If you ever tried to install Windows Server 2012/R2 on VMWare Workstation, and enable the Hyper-V role, you would have probably encountered the following error:

Hyper-V cannot be installed: A hypervisor is already running

The trick to allowing this Hyper-V on VMware is in two settings:

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