A flexible single-polarization single-mode (SPSM) polymer/Ag-coated hollow waveguide with a racetrack-shaped cross-section was designed and prepared using a simple hot-pressing method and plasma treatment. The waveguide structural parameters were numerically optimized using the finite element method and the SPSM transmission can be achieved in a high birefringent (>0.8) hollow racetrack-shaped waveguide (HRW). The racetrack-like waveguides were facilely prepared by hot-pressing commercially available circular acrylonitrile butadiene styrene (ABS) and poly-ether-ether-ketone (PEEK) tubing, followed by plasma treatment and silver-plating. The HRW samples with a length of 40 cm were prepared, with a straight transmission loss of 1.74 and 1.68 dB/m at 0.1 THz, respectively, and the polarization degree is 99.9 %. When bent for 120° at a 10 cm radius or twisted by 90°, the waveguide samples have additional losses less than 0.22 and 0.14 dB/m, respectively, while the polarization degrees keep almost unchanged. After 200 h hydrothermal aging (85 RH%, 85 ℃) and 20 times high (85 ℃)/low (−40 ℃) temperature tests, the loss increase is less than 0.14 dB/m and the polarization degree remains unaffected. The HRW could be used in practice as a competitive substitute for traditional rectangular metal waveguides due to its high SPSM performance, lightweight, robustness, flexibility, and easy fabrication.