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This paper reports the extraordinary properties and industry applications of Nd: YAG Microchip Laser Feedback Interferometer, Nd: YAG LFI. The Michelson interferometer has been invented for more than a century and is widely used in science and industry today. The Nd: YAG LFI, which is based on laser feedback effect instead of ordinary interferometry, has the different structure from Michelson interferometer, and then extraordinary properties. Therefore the Nd: YAG LFI can be used as a traditional laser interferometer with nano-meter resolution and a few meters measurement range. At the same time Nd: YAG LFI can also measure the displacement of light, thin, black, transparent (water, alcohol, glass surface) objects, even liquid evaporation rate.