The invention relates to porous super-bright polyester fiber and a preparation method of the porous super-bright polyester fiber. According to the porous super-bright polyester fiber, melt spinning, multi-pore forming, section heteromorphosis and the like are conducted to make the polyester fiber have the super-bright flickering effect, and the material is modified polyester; a linear spinneret plate is adopted in the melt spinning process; the modified polyester is composed of polyester and amidogen fatty acid glycol ester, the amidogen fatty acid glycol ester is dispersed among the molecular chains of the polyester, and the free volume space of the porous super-bright polyester fiber polyester among the molecular chains inside the fiber is increased by 20 v/v% to 30 v/v% under the condition that the temperature ranges from 90 DEG C to 130 DEG C; the porous super-bright polyester fiber can be used for silk-like fabric, wool-like fabric, corduroy, other pile fabric, woolen yarn, decorative fabric and the like.