The invention discloses a plugging flexibilizer, comprising the components in parts by weight: 5-12 parts of polypropylene fiber, 20-30 parts of rubber particles, 1-5 parts of high molecular polyacrylamide, 2-8 parts of toughened nylon, 2-8 parts of asbestos section, 5-12 parts of plant fibers, 4-7 parts of calcium hydroxide, and 0.1-0.4 part of polyanionic cellulose PAC-HV. A preparation method of the plugging flexibilizer comprises the following steps: orderly adding the components in parts by weight to a kneading machine according to a conventional preparation method at constant temperature and constant pressure; evenly mixing and stirring; and crushing into a 0.05-1mm granular product. The plugging flexibilizer has the characteristics of being wide in material source, free of toxicity and pollution, simple and convenient in construction technology, good in rheological property, good in pillar-forming property, strong in tenacity, not easy to fragilely fall off, high in plugging success rate and the like, does not easily generate a rupture and a brittle fracture in the drilling process after plugging, and is widely applied to pressure-loaded plugging engineering of low-pressure fractured formation, large cracks, large caves, subterranean rivers and serious voidage formation in petroleum and geological drilling.