Depending on the size of their cavity, cucurbit[n]urils (CB[n], n=5, 7, 8, and 10) exhibit very different encapsulation selectivity. This feature has been utilized to tune the formation and switching of three kinds of pleated sheets of bipyridinium radical cation (BIPY•+)‐based polymers in water. Driven by the dimerization of the BIPY•+ units, the polymers spontaneously form multiply pleated sheets. These pleated foldamers can be reversibly converted into flexible pseudopoly‐rotaxanes, doubly and triply pleated sheets by CB[7], CB[8] and CB[10], respectively, through selective encapsulation of the macrocycles for one, two or three stacked BIPY•+ units. Adding adamantamonium (ADMT), hexamethylenetetramine (HMTA) or CB[5] to the respective solutions leads to taking away of the CB rings from the polymers due to the formation of more stable 1:1 complexes and as a result, multiply pleated sheets are recovered. UV‐vis absorption spectroscopy has been used to investigate the formation and conversion of the pleated and extended states of the polymers.