Highly stable conducting fibers have attracted significant attention in electronic textile (e-textile) applications. Here, we fabricate highly conducting poly(vinyl alcohol) (PVA) nanocomposite fibers with high thermal and chemical stability based on silver nanobelt (AgNB)/multiwalled carbon nanotube (MWCNT) hybrid materials as conducting fillers. At 20 vol % AgNB/MWCNT, the electrical conductivity of the fiber dramatically increased (∼533 times) from 3 up to 1600 S/cm after thermal treatment at 300 °C for 5 min. Moreover, PVA/AgNB/MWCNT fiber resists the harsh conditions of good solvents for PVA as well as high temperatures over the melting point of PVA, whereas pure PVA fiber is unstable in these environments. The significantly enhanced electrical conductivity and chemical stability can be realized through the post-thermal curing process, which is attributed to the coalescence between adjacent AgNBs and additional intensive cross-linking of PVA. These remarkable characteristics make our conducting fibers suitable for applications in e-textiles such as water leakage detectors and wearable heaters. In particular, heating behavior of e-textiles by Joule heating can accelerate the desorption of physically trapped moisture from the fiber surface, resulting in the fully reversible operation of water leakage monitoring. This smart e-textile sensor based on highly stable and conductive composite fibers will pave the way for diverse e-textile applications.