Here is a list of Android 5.0 Lollipop features: Feast yourself
# Battery Percentage is added
# Flash light is added to
stock
# If Wifi is ON but no internet connectivity so a "!" indicator is added and turns on mobile connectivity by default
# If Mobile Connection is ON but no internet connectivity so a "!" indicator is added
# Clock app background changes from light to dark background [different colour] automatically during different time of the day
# Multi User Support in phones
# Prioritize the notification or block them if not needed
# When Battery saver is ON, Status Bar and Navigation Bar [if available] lites up with dark orange color
# Pin a app to lock it if you want others not to use other apps.
# Sharing Menu prioritize depends on app used for sharing frequently
# New Recents App list/cards
# Recent App list remains after reboot
# Ambient display mode, will allow the phone to light up the display when notifications arrive also it will wake the screen when you pick up the device [Not available in Nexus 5 so far]
# Share any file with a tap using android Beam [NFC enabled devices only
]
# The screen-off CRT feature is gone, now includes black and white fade out
# New and Redesigned Emoji in Google Keyboard
# Improved face unlock, now better and faster
# Trusted Bluetooth and NFC devices can skip the lock screen security
# Multiple Chrome tabs are now separate recent tabs [optional]
# WebView is made as separate apk [For dev POV]
# Project Volta, save battery
# Long press the notification brings animation as well as the name of the app and info icon
# Google search can be accessed from recents
# Hidden Flappy Bird clone game
# Quick Setting and notification in same screen, so open quick setting and look notification same time
# When you install a app, a gray color icon is placed in home screen to indicate the app is downloading
# iOS style app installation progress around the app is animated
# 2-step authentication is finally baked in, so no browser log in for 2-step code entering
# Dismiss all notification icon in notification drop down finally in STOCK
# Multiple droid owner can restore everything from the existing droid using beam or bluetooth. There is a catch, App data transfer has to be enabled by devs for apps
Complied from androidpolice.com and some other sites.
Feast your eyes with awesome Animation for Lollipop compiled gifs from androidpolice
[Animation Bonanza] Android 5.0 Lollipop In GIFs