Water is a vital component of our existence. Many human activities, such as improper waste disposal from households, industries, hospitals, and synthetic processes, are major contributors to the contamination of water streams. It is the responsibility of every individual to safeguard water resources and reduce pollution. Among the various available wastewater treatment (WWT) methods, smart nanomaterials stand out for their effectiveness in pollutant removal through absorption and adsorption. This paper examines the application of valuable smart nanomaterials in treating wastewater. Various nanomaterials, including cellulose nanocrystals (CNC), cellulose nanofibrils (CNF), nanoadsorbents, nanometals, nanofilters, nanocatalysts, carbon nanotubes (CNTs), nanosilver, nanotitanium dioxide, magnetic nanoparticles, nanozero-valent metallic nanoparticles, nanocomposites, nanofibers, and quantum dots, are identified as promising candidates for WWT. These smart nanomaterials efficiently eliminate toxic substances, microplastics, nanoplastics, and polythene particulates from wastewater. Additionally, the paper discusses comparative studies on the purification efficiency of nanoscience technology versus conventional methods.