We review highlights from string theory, black hole physics and doubly special relativity and some "thought" experiments which were suggested to probe the shortest distance and/or the maximum momentum at the Planck scale. The models which are designed to implement the minimal length scale and/or the maximum momentum in different physical systems are analysed entered the literature as the Generalized Uncertainty Principle (GUP). We compare between them. The existence of a minimal length and a maximum momentum accuracy is preferred by various physical observations. Furthermore, assuming modified dispersion relation allows for a wide range of applications in estimating, for example, the inflationary parameters, Lorentz invariance violation, black hole thermodynamics, Saleker-Wigner inequalities, entropic nature of the gravitational laws, Friedmann equations, minimal time measurement and thermodynamics of the high-energy collisions. One of the higher-order GUP approaches gives predictions for the minimal length uncertainty. Another one predicts a maximum momentum and a minimal length uncertainty, simultaneously. An extensive comparison between the different GUP approaches is summarized. We also discuss the GUP impacts on the equivalence principles including the universality of the gravitational redshift and the free fall and law of reciprocal action and on the kinetic energy of composite system. The concern about the compatibility with the equivalence principles, the universality of gravitational redshift and the free fall and law of reciprocal action should be addressed. We conclude that the value of the GUP parameters remain a puzzle to be verified.