The invention provides a water-based paint and preparation and application methods thereof. The water-based paint is mainly prepared from a specific amount of water-based polyurethane resin, water-based organosilicon-modified polyurethane dispersion, organic silicon resin, water-based fluorocarbon resin, water-based organosilicon-modified acrylate, polyethylene wax slurry and water-based acrylic resin. The water-based paint is moderate in viscosity, uniform in raw material dispersion, good in physical property, good in film-forming property, leveling property, heat stability and glossiness, good in anti-ultraviolet property, antifouling property and wear-resisting property, and high in operability, can be used in a simple wiping manner, and is free of waste, free of pollution, safe and environment-friendly. The preparation method of the water-based paint is simple and suitable for large-scale production. The water-based paint can be used in manners, such as wiping, brush coating, roller coating and spray coating, especially can be used in a wiping manner, and is time-saving and labor-saving.