The invention provides a universal windmill with adjustable propeller length, and relates to the field of wind application equipment. The universal windmill comprises a support, propellers, propeller heads, a rotating shaft and propeller length control systems; two to four propellers are uniformly distributed around the rotating shaft; the cross sections of the propellers are provided with wing profiles in form of wings with camber; the propellers are obliquely arranged on the support by the propeller heads, so that a V-shaped structure can be formed; the gradient, eccentricity and mounting attack angle of each propeller can be adjusted by each propeller head, therefore, the propellers of the windmill can be kept in the best operating state; the propellers of the windmill are divided into two to three sections which are integrally nested and can be stretched and contracted just like a telescopic antenna of a radio receiver, therefore, the propellers can be contracted during high wind and stretched during low wind, and as a result, the output power or the rotating speed can be stabilized, the utilization scope of the wind energy is expanded, and the safety of the windmill in operation can be ensured. The application of the universal windmill is as follows: 1, the universal windmill can be used as a vertical axis wind turbine to be applied to a wind power plant; 2, the universal windmill also can be used as a water turbine to be applied to a dam-free power station or used for tidal power generation; and 3, the universal windmill also can be used as a toy for a child.