One significant area of nanotechnology is nanoelectronics. And a recent development in nanoelectronics is the discovery of the memristor, a fundamental circuit element. A memristor is essentially a nonvolatile nanoscale programmable resistor whose resistance, or memristance to be precise, is changed by applying a voltage across or current through, the device. Memristor has the potential to replace transistors in the digital circuit of upcoming days. Research is in full swing to find the compatibility of this device with existing CMOS technology. Throughout this paper such possible application of the memristor is investigated through SPICE simulation. The initial goal of the paper was to simulate the device characteristics. The secondary goal was to make circuits with the device. Standardization of device model is a big problem in memristor research, which is why a comparison of various models is also presented in this work. The paper has ended with a summary of our work done and possible scopes for future work.Keywords:Nanotechnology, Memristor, Nonvolatile Memory, Hybrid CMOS