The invention discloses a multifunctional underwear fabric containing active polypeptide, underwear prepared from the multifunctional underwear fabric and a preparation method of the multifunctional underwear fabric. The method comprises the steps: 1, pretreating fabric with the surface containing hydroxyl and/or amino groups; 2, activating reaction groups on the fabric by adopting a chemical reagent; 3, detecting the density of the activated groups on the fabric; 4, reacting the activated fabric with active polypeptide; 5, cleaning the fabric; 6, naturally air-drying or drying the fabric at low temperature; 7, cutting the fabric according to a underwear sample plate; 8, conveying the fabric to a garment production line for sewing; and 9, carrying out high-temperature ironing on sewn underwear, packaging and warehousing. The invention further provides the multifunctional underwear fabric containing the active polypeptide and underwear prepared through the method. According to the invention, the active polypeptide is utilized to modify the existing fabric, so that the underwear produced by utilizing the fabric has the functions of protecting skin, beautifying skin, repairing skin surface inflammation and the like.