Materials with multiple functions are highly desirable in practical applications. Developing multifunctional nanocomposites by a straightforward process is still a challenge. Here, a versatile nanocomposite has been developed by simple blending and pressing of multiwalled carbon nanotubes (MWCNTs) and modified polydimethylsiloxane (MPDMS). Because of the synergistic effect of MWCNTs and MPDMS, this nanocomposite exhibits outstanding hydrophobic property, striking self-cleaning capability, and excellent chemical stability against strong acid and strong base, which makes it possible to work under wet and even extreme chemical conditions. Besides, because of its flexibility, this nanocomposite can be reshaped, bended, twisted, and molded into on-demand patterns for special applications. Owing to the good distribution of MWCNTs, the nanocomposite shows high conductivity (with a sheet resistance of 86.33 Ω sq-1) and high healing efficiency (above 96.53%) in an electrical field, and it also exhibits outstanding performance in various electrical circuits and flexible electroluminescent devices. Furthermore, the inherent portability, recyclability, and reusability of this nanocomposite make it more convenient and environmentally friendly for practical applications. Thus, our work provides a new strategy to develop a multifunctional nanocomposite, and it shows tremendous potential in flexible electronics.