We report a transparent display based on light waveguide liquid crystal display (LCD) under illumination of a light waveguide plate. LED is installed on the edge of the display. The generated light is coupled into the LCD by the light waveguide plate. In the voltage‐off state, the LC is transparent, and the incident light is waveguided through the display and no light comes out of the viewing side of the display. When a voltage is applied, the LC become scattering, and the incident light is scattered out of the viewing side of the display. The spatial uniformity of the light intensity of the display is significantly improved by the light waveguide plate. The transparent display has the merits of high contrast ratio, suitable driving voltage, and a sub‐milli second ultrafast response time. Furthermore, it does not need polarizers and color filter, and thus has a very high transmittance in the voltage‐off state.