Liquid crystals (LC) are the materials characterized by extremely high optical nonlinearity. Their physical properties such as temperature, molecular orientation, density, and electronic structure can be easily perturbed by an applied optical field. In particular, in smectic A LC (SALC), there is a specific mechanism of the cubic optical nonlinearity determined by the smectic layer normal displacement. The physical processes related to this mechanism are characterized by a comparatively large cubic susceptibility, short time response, strong dependence on the optical wave polarization and propagation direction, resonant spectral form, low scattering losses as compared to other LC phases, and weak temperature dependence in the region far from the phase transition. We investigated theoretically the nonlinear optical phenomena caused by this type of the cubic nonlinearity in SALC. It has been shown that the light self-focusing, self-trapping, Brillouin-like stimulated light scattering (SLS), and four-wave mixing (FWM) related to the smectic layer normal displacement are strongly manifested in SALC. We obtained the exact analytical solutions in some cases and made the numerical evaluations of the basic parameters such as the optical beam width and SLS gain.