the interference effect from lossy Fabry− Pérot (FP) cavity, which achieves perfect absorption, [8,9] colorful transmission [10][11][12] and could be integrated into functional optic devices. [13][14][15][16][17][18] By tuning the core insulator thickness, such MIM cavity offers the customizability for operation wavelength. Comparing to the traditional lossless FP cavity, [19,20] the MIM nanocavity utilizes the boundary lossy characteristics, thus enabling destructive interference for perfect absorption. [21] The simple film stack provides cost-effective and large-area fabrication with satisfactory optical performance in comparison to the counterpart of complex-shaped photonic nanoresonators. [22][23][24] Despite the highlight of revealing different coloring for nanoprinting application, [25][26][27][28] such triple-layered nanocavity lacks the ability to bring in multiple intensity stepwise for grayscale imaging exhibition. When it comes to the grayscale imaging demand for continuous intensity modulation, the MIM nanocavity cannot perform but instead dramatically change its reflection intensity from zero to unity within only ≈30 nm cavity thickness change. Moreover, MIM stack has seldom been demonstrated with multiplexing functionality for both near-field nanoprinting and holographic imaging due to its close correlation and mutual dependence between its reflection intensity and phase shift.Here, we propose a stepwise design for dual-Fabry-Pérot (DFP) nanocavity constructed by multilayer metal-insulatormetal-insulator-metal (MIMIM) to achieve grayscale imaging encryption/concealment with holographic multiplexing functionality. By stacking DFP cavities with controlling each cavity thickness, we enable that the reflected intensity and resonant wavelength (coloring) could simultaneously be modulated. Specifically, the dimension of top FP cavity determines its operation wavelength, while the bottom FP cavity determines the reflection grayscale intensity. Our proposed DFP scheme is theoretically and experimentally demonstrated to enable encrypt or conceal a meticulous grayscale image via making stepwise DFP patterns, as shown in Figure 1.