In this paper, we apply spin-wave theory to the one-dimensional spin-1/2 ferromagnetic XY model with the next-nearest neighbor interaction. The thermodynamic divergences which the conventional spin-wave theory encounters with, are solved by implementing Takahashi’s idea through introducing a Lagrange multiplier in the Hamiltonian to keep zero magnetization. It is shown that the next-nearest neighbor interaction has an influence on the ground-state and low temperature properties of the system. The exponential laws which are induced by the next-nearest neighbor interaction, are found for heights of maxima of the specific heat and its coefficient, as well as the maximum and minimum of the susceptibility coefficient. The maximum positions of the specific heat and its coefficient fit well to the linear and exponential laws under the next-nearest neighbor interaction, respectively.