Concept:
Use the identity
\[
\cos(\pi-\theta)=-\cos\theta.
\]
This allows us to pair terms and reduce the product to a known standard result:
\[
\cos\frac{\pi}{7}\cos\frac{2\pi}{7}\cos\frac{3\pi}{7}
=\frac{1}{8}.
\]
Step 1: Pair the terms using \(\cos(\pi-\theta)=-\cos\theta\).
Observe that
\[
\cos\frac{4\pi}{7}
=
-\cos\frac{3\pi}{7},
\]
\[
\cos\frac{5\pi}{7}
=
-\cos\frac{2\pi}{7},
\]
\[
\cos\frac{6\pi}{7}
=
-\cos\frac{\pi}{7}.
\]
Therefore,
\[
P=
\cos\frac{\pi}{7}\cos\frac{2\pi}{7}\cos\frac{3\pi}{7}
\cos\frac{4\pi}{7}\cos\frac{5\pi}{7}\cos\frac{6\pi}{7}
\]
\[
=
-\left(
\cos\frac{\pi}{7}
\cos\frac{2\pi}{7}
\cos\frac{3\pi}{7}
\right)^2.
\]
Step 2: Use the standard trigonometric product.
The well-known identity is
\[
\cos\frac{\pi}{7}
\cos\frac{2\pi}{7}
\cos\frac{3\pi}{7}
=
\frac{1}{8}.
\]
Substituting,
\[
P
=
-\left(\frac18\right)^2.
\]
\[
P
=
-\frac{1}{64}.
\]
Step 3: Write the final answer.
\[
\boxed{-\frac{1}{64}}
\]