Dynamic hydrogels constructed with dynamic chemical bonds often have mechanical strength and self‐healing properties. In this paper, tannic acid is combined with lysine‐containing F127 through Schiff base. A series of FLaT hydrogels cross‐linked by hydrogen bonds and dynamic chemical bonds is prepared, and the influence of Schiff base amount on the performance is discussed. The FLaT hydrogel exhibits reversible sol–gel transition, self‐healing, injectability, and pH sensitivity. Increasing the amount of Schiff base can improve the strength, stability, and self‐healing ability of the hydrogel. Owing to their low cytotoxicity, linear release pattern, and pH‐controlled release rate, the FLaT hydrogels show potential use in drug delivery systems for cancer treatment.