The invention belongs to the technical field of valve elements, and particularly relates to a reset valve element and a multifunctional faucet. The multifunctional faucet comprises a faucet body, a water mixing valve element and the reset valve element, wherein the faucet body is internally provided with a first cavity, a second cavity, a third cavity, a fourth cavity, a fifth cavity and a sixth cavity, the faucet further comprises a first water pipe, a second water pipe, a third water pipe, a fourth water pipe and a fifth water pipe, the first cavity communicates with a water outlet pipe of the faucet and the sixth cavity, the first water pipe communicates with the first cavity, the second water pipe and the third water pipe communicate with the second cavity and the third cavity respectively, the fourth water pipe and the fifth water pipe communicate with the fourth cavity and the fifth cavity respectively, and the sixth cavity communicates with the first cavity. The multifunctional faucet not only has an automatic reset effect, but also can be connected with direct-drinking cold and hot water so as to achieve the purpose of multiple functions, and one faucet can replace a plurality of faucets.