Tough and elastic microfiber composites composed of an elastic polyurethane (Hydrothane) and a liquid crystalline polymer (Vectran) are fabricated via electrospinning. The composite fibers (HVC) are examined as a function of the mixing ratio of the polymers and evaluated on the bases of fiber formation, morphology, thermal properties, mechanical performance, and fiber alignment. The fiber diameters of the HVCs decrease as the content of Vectran increases. When the fibers are aligned via a rotating target, they have even smaller diameters and increased uniformity than when a static target is employed. Surprisingly, the aligned fibers’ mechanical properties are different than those of random orientation; the HVC fibers of random orientation display increases in strength, toughness, and elastic modulii when increasing amounts of Vectran are incorporated in the fibers. The aforementioned mechanical properties of the aligned fibers decrease somewhat as the content of Vectran is increased. Further, the durability of the aligned fibers is examined by extensional durability tests over ten cycles. The tests indicate that the HVC fibers are very durable and can function as tunable, tough, and elastic fibrous polymer scaffolds and have potential applications in high‐performance composites, polymeric filtration devices, and fibrous bioengineering materials.