A zig-zag optical path slab geometry Nd: glass laser cooled through flowing air-water is developed by us. Theoretical studies on temperature distribution of slab and rod configurations in the unsteady state clarify the advantages of the slab geometry laser. The slab design and processing are also reported. In our experiments main laser output characteristics, e. g. laser efficiency, polarization, far-field divergence angle as well as resonator misalignment are investigated. The slab phosphate glass laser in combination with a crossed Porro-prism resonator demonstrates a good laser performance.