The invention discloses an underground abandoned roadway full tailings consolidation disposal system and method. The underground abandoned roadway full tailings consolidation disposal system comprisesa pipeline control system, a slurry isolated system and a drainage system. An abandoned roadway is divided into a plurality of stages, lower layer retaining walls are separately built at suitable positions of a first stage and a second stage, during filling, the second stage filling retaining wall is used as a first stage cutoff wall, filling pipelines are laid finally, filling slurry preparationis completed and reaches filling areas through feeding pipes, slurry waste water is discharged through a filter pipe for building the upper layer retaining wall with filling until complete blockage,at the moment, the first stage filling is completed, pipeline threads are opened, the first stage pipeline is disassembled, and receding type filling is carried out on the residual stages gradually. The underground abandoned roadway full tailings consolidation disposal system has the advantages that the defects that a traditional filling method retaining wall is unstable and complete filling cannot be carried out are overcome, and meanwhile, the advantages of economy, rapidness, continuity, safety, stability and efficiency are achieved.