The present invention discloses multifunctional graphene electrothermal paste, a multifunctional electrothermal film prepared by the same, a preparation method and application. The preparation methodcomprises the following steps that: (1) graphene nanoplatelets are modified by introducing inducible lipidation and cross-linking reaction groups; (2) the modified graphene, a lipidizable and cross-linking reaction emulsion and various kinds of additives are subjected to liquid phase mixing, the above dispersion liquid is induced to undergo in-situ esterification and cross-linking reaction, so that graphene-based homogeneous electrothermal paste can be formed; (3) an electrothermal paste loading matrix is modified, so that the interfacial property of the electrothermal paste and the matrix material can be enhanced; and (4) the graphene electrothermal paste can be combined with different base materials, so that electrothermal products can be prepared. The graphene electrothermal material ofthe invention has the advantages of adjustable resistivity, adjustable use voltage, adjustable heating efficiency, far infrared heating function, flame retardancy, wide application range, high safety, energy-saving performance and the like, and can be applied to home building material manufacturing, human body care, aviation equipment, medical equipment, transportation pipelines, automobiles andother fields.