The invention discloses a multi-wavelength terahertz wave parametric oscillator, which comprises a laser pump cavity and a terahertz wave parametric oscillation cavity, wherein the laser pump cavity consists of a totally reflecting mirror, a one-fourth wave plate, an electro-optical Q-switch device, a polarizer, a pulse laser pump source module, a micropore diaphragm and a laser output mirror; the terahertz wave parametric oscillation cavity comprises two right-angle prism resonance cavities respectively consisting of a right-angle prism, a reflector, a MgO:LiNbO3 crystal arranged between themicropore diaphragm and the laser output mirror, and a plurality of semi-circular output mirrors; and two silicon prism arrays are arranged on the surface of the MgO:LiNbO3 crystal. Pump light oscillating back and forth in the laser pump cavity is vertically transmitted to the MgO:LiNbO3 crystal, and two beams of oscillating Stokes light and two groups of four-beam terahertz waves are generated through excitation in the two right-angle prism resonance cavities, and are transmitted out of the silicon prism arrays. The continuous tunable output of the two groups of four-beam terahertz waves canbe realized, and the output energy is basically equal.