As the demand for higher machining efficiency and tool life continues to grow, researchers and engineers are exploring innovative solutions to enhance the performance of cutting fluids. Nanofluid lubrication, a cutting-edge approach in the field of machining, involves the dispersion of nanoparticles in conventional lubricants to improve their thermal and tribological properties. This paper provides a comprehensive review of the current state of nanofluid lubrication as a cutting fluid in machining operations. The review encompasses an in-depth analysis of the synthesis methods, types of nanoparticles employed, and the effects of nano-fluid lubrication on cutting forces, tool wear, surface finish, and overall machining performance. Furthermore, the challenges and opportunities associated with the implementation of nanofluid lubrication in various machining processes are discussed. By synthesizing existing knowledge and highlighting recent advancements, this review aims to contribute to a deeper understanding of the potential benefits and limitations of nanofluid lubrication, paving the way for future research and practical applications in the realm of precision machining.