The invention relates to a method for preparing lightweight high-strength foam glass, which comprises the following steps of: firstly, cleaning cullet, drying the cleaned cullet, and performing ball milling to form powder; secondly, mixing the cullet powder, SiC, borax, NaNO3 and high-strength high-temperature resistance fibers to obtain a batch mixture; thirdly, adding the batch mixture into a heat resistant steel die, and performing compaction and die filling; and finally, transferring the die into a foaming furnace, and sintering in phases of preheating, foaming, foam stabilization, rapid cooling and annealing to obtain the foam glass. The method is favorable for utilizing waste and protecting environment, and the prepared foam glass has the advantages of low density, high strength, low conductivity factors, simple preparation process and simple and convenient construction and operation. Therefore, the method can protect environment effectively and turn waste into wealth, and the high-strength foam glass block can absorb explosion energy, and reduce the physical and property damage caused by collapse of wall construction materials due to terrorist attacks or natural disasters.