Thread gauges are used to inspect threaded components by checking features like diameters, flank angles, and threads per inch. NO-GO and GO gauges efficiently inspect drafts, while plug gauges check holes. Types of thread gauges include plug gauges for nuts, solid thread ring gauges for externally threaded components, and adjustable thread ring gauges. Caliper gauges can also be used for mass production, though they are less precise than ring gauges. Proper gauge selection and application is important to ensure quality inspection of threaded components.