Pumped by picosecond pulses from a Nd:YAG laser, a new lasing dye, trans-4-[4′-(N,N-diethylamino)styryl]-N-methyl pyridinium methyl sulfate (abbreviated to DEASPS), shows both intense superradiance and strong lasing properties in benzyl alcohol solution. By using streak camera systems, the superradiance and lasing can be distinguished both spectrally and temporally. It has been found that the peak wavelength of lasing is at 620 nm with a red-shift of about 12 nm to the superradiance wavelength. The lasing pulse shows an oscillatory effect that it is not found in the superradiance pulse. The fluorescence lifetime is 529 ± 40 ps and the effective molecular two-photon absorption is (1.25 ± 0.1) × 10−48 cm4 ·s·photon −1, measured using a nonlinear transmittance method. This dye shows effective optical limiting of the pumping wavelength.