A waterborne dispersion of a polyurethane polymer is disclosed, which is useful as a film having improved mechanical properties. More particularly, the film has properties comparable to rubber; including, a percentage elongation greater than 700%; a tensile strength greater than 3500 psi; a 100% modulus below 450 psi; a 300% modulus below 700 psi; and, a 500% modulus below 1500 psi. The film can be prepared in the absence of a solvent, thus making it attractive for a variety of protection products for medical and industrial applications such as gloves, condoms, catheters, and the like. The polymer is useful as a coating for textiles, such as backcoatings, fabric or fiber saturants, finishes, or transfer coatings, or other textile and non-textile applications where good elastomeric properties would be useful.