To answer your question: no.
Iff this laser trickery worked permanently, then you'd basically have a prototype Star Trek replicator right there. Feed garbage in, out comes something useful.
If the laser trickery worked temporarily (say, on the timescales of minutes), then perhaps this could be a small step towards creating Star Trek style holograms. Vent inert gas in, reshape it into interesting stuff, pulse it up from time to time to keep it from decaying.
Though I imagine sensory and computational requirements of such a thing would hit the limit of what's physically possible in our universe.
As long as you keep your garbage under billions on constantly active perfectly timed lasers, it works!
The Second Law of Thermodynamics would like to see you after class.