This paper proposes a novel five-dimensional (5D) memristor-based chaotic system by introducing a flux-controlled memristor into a 3D chaotic system with two stable equilibrium points, and increases the dimensionality utilizing the state feedback control method. The newly proposed memristor-based chaotic system has line equilibrium points, so the corresponding attractor belongs to a hidden attractor. By using typical nonlinear analysis tools, the complicated dynamical behaviors of the new system are explored, which reveals many interesting phenomena, including extreme homogeneous and heterogeneous multistabilities, hidden transient state and state transition behavior, and offset-boosting control. Meanwhile, the unstable periodic orbits embedded in the hidden chaotic attractor were calculated by the variational method, and the corresponding pruning rules were summarized. Furthermore, the analog and DSP circuit implementation illustrates the flexibility of the proposed memristic system. Finally, the active synchronization of the memristor-based chaotic system was investigated, demonstrating the important engineering application values of the new system.