The key advantages of lasers over other light sources are:
- it emits a very narrow range of frequencies (small linewidth), which for many purposes can be considered a single frequencyIt does however have a small range of frequencies. The smaller the range, the better the laser quality.
- it can be efficient collimated, while still emitting a lot of output power: Section "Why can't you collimate incoherent light as well as a laser?"
- can be phase and polarization coherent, though it is not always the case? TODO.
You could put an LED in a cavity with a thin long hole but then, most rays, which are not aligned with the hole, will just bounce inside forever producing heat.
So you would have a very hot device, and very little efficiency on the light output. This heat might also behave like a black-body radiation source, so you would not have a single frequency.