Actually waves radiate in a "circle" away from the source. Light is a wave, just like the waves in water are, and I'm sure you've made ripples in water at one time or another in your life.
Bending light 360 degrees, as far as I know, would be near impossible unless reflection was allowed. You could make a circular bagel shaped object that was hollowed out for light to pass through it from a source that also reflected light once the light bounced back at it, although this would make a /\/\/\ pattern rather than a O
High power lasers are hardly different from normal light waves other than that they are amplified/intensified.
"Any of several devices that emit highly amplified and coherent radiation of one or more discrete frequencies" - Dictionary.com
Another possibility to make circular light is somehow get light to bounce off of or follow a magnetic field.
A third possibility could be to have two opposite "magnet" peices that would force light to be altered in direction. One would act like a black hole, sucking in the light, and one would be the opposite, repelling it [Such as negative/positive matter]. If both forces were equal, the reaction should be that light would be bent to the desired path. The light source would be the hard part.
Another option would be to use a variety of different matters [solid, gas, liquid] to achieve some strange result with refraction, but I'm not sure how this would be done.
One way to create an extremely high amount of energy and light is fusion, producing energy and light the same way our sun does. Since our sun, and other stars, make an unimaginable amount of light and energy, I'm sure it would be enough.
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The wormhole would send you to a random place in the universe. ANYWHERE. The chances of landing on earth are practically zero. THERE ARE INFINITE NUMBERS TO DESIGNTE YOUR DESTINATION AND ONLY ONE EARTH!
Correct, because if the universe is infinite than there are an infinite number of destinations to travel to.
Our final option is to take a Klingon Bird of Prey and circle the sun like in Star Trek.