The invention discloses a novel foam glass which is prepared from the following raw materials in parts by weight: 12 to 27 parts of blast furnace slag, 5 to 22 parts of silica raw material, 20 to 40 parts of modified waste glass, 10 to 25 ceramic polishing waste, 8 to 13 parts of calcite, 9 to 21 perlite, 1.3 to 2.8 parts of aluminum oxide, 2 to 4 parts of sodium carbonate, 3 to 12 parts of borax, 0.8 to 1.4 parts of manganese dioxide, 0.7 to 1.3 parts of ferric oxide, 0.05 to 0.16 part of sodium hexametaphosphate, 1 to 5 parts of refractory fiber, 0.9 to 1.7 parts of nano medical stone powder, 0.3 to 0.7 part of nano zinc oxide, 1.1 to 2.2 parts of acetylated di-sodium starch and 0.8 to 2.4 parts of calcium carbonate. According to the novel foam glass, the blast furnace slag, the silica raw material, the modified waste glass and the ceramic polishing waste are utilized as raw materials, waste is turned into wealth, raw material source is wide, and cost is reduced; meanwhile, the refractory fiber and the nano zinc dioxide are added to serve as additives, so that performance of the foam glass is effectively improved, and strength of the foam glass is improved.