Highly flexible hydrogels are widely used in fields such as agriculture, drug delivery, and tissue engineering. However, the simultaneous integration of excellent mechanical properties, swelling properties, and high electrical conductivity into a hydrogel is still a great challenge. This work introduces 1D tubular multi-walled carbon nanotubes (MWCNTs) and 2D layered graphene oxide (GO) into polyacrylamide/poly-acrylic acid (PAM/PAA) hydrogels. The high specific surface area and oxygen-containing groups of GO contribute to excellent mechanical properties and water absorption of the PAM/PAA hydrogels, but the conductivity is poorly affected due to the presence of defects on GO surface. However, MWCNTs with large aspect ratios benefit to form continuous conductive paths in PAM/PAA hydrogels which further improves conductivity of the hydrogels. MWCNTs are entangled with PAM/PAA molecular chains to form a dense three-dimensional (3D) network structure, and this special structure improves the water absorption of PAM/PAA hydrogels by 3.7 g g−1. What’s more, the MWCNTs/PAM/PAA hydrogel not only provides excellent mechanical properties (compressive strength up to 2.7 MPa), but also has high conductivity (2.3 S m−1). In particular, a strain sensor based on MWCNTs/PAM/PAA hydrogel exhibits exceptional sensitivity (gauge factor = 3.9 at 230–300 % strain) with a rapid response (200 ms) over a wide strain range (50 ∼ 200 %) which enables the ability to precisely and reliably monitor human motion. Therefore, the work provides a new insight into the design of multifunctional hydrogels with application on anatomical water plugging, electronic skin, and biosensors.