We demonstrate laser frequency stabilization using a continuously regenerat
ed transient spectral hole in an inhomogeneously broadened resonance of a s
olid. Regenerative transient holes provide extreme stabilization for time s
cales appropriate for spectroscopy, signal processing, ranging, and interfe
rometry. Stabilization to 20 Hz on a 10-ms time scale using spectral holes
at 793 nm in Tm3+:Y3Al5O12 gives substantial improvement in the reliability
of stimulated photon echoes in the same material and enables the observati
on of a third population storage mechanism for hole burning in Tm3+:Y3Al5O1
2.