The invention discloses a system device for extracting waste-swill-cooked dirty oil and an extraction method. The system device comprises a recycle pool, a sedimentation measuring tank, a hydrolyzer, a drain sump, a distillation tower system, a fatty acid material tank, a soap powder compounding tank, an aging tank, a high pressure pump, a spray tower, a heating and vacuum system, a mixed cylinder and a finished product warehouse; and the method comprises digestion, sedimentation, hydrolyzation, oil-water separation, dehydration, distillation, condensation, soap power compounding, aging, airflow drying, mixing and packaging. Therefore, the environment is protected and improved, wastes of high energy consumption, high pollution and resources industries are utilized efficiently and comprehensively, the pollutant emission is reduced, swill-cooked dirty oil is prevented from flowing back onto dinner tables to harm human health, harmful wastes harming environment and human life safety are turned into valuable things; and stearin pitch is used as raw materials of sand consolidation agent and rubber accelerator, the soap powder is applied as raw materials of washing powder or soap, and the system device and the extraction method are widely used in recycle industry of swill-cooked dirty oil.