Shape memory polymers exhibit great potential for applications in aeronautics, astronautics, biomedicine, intelligent robots, and electronics. Based on traditional fabrication methods, as‐prepared shape memory micro‐/nanodevices are brittle with poor deformability. For instance, these devices shatter or crack when they are bent, which greatly limit their practical applications. In particular, there has been little use of shape memory films for high performance sensing devices in electrical circuits. Here, a novel polyvinyl alcohol (PVA) film is fabricated from a mixture of graphene nanosheets (GNs), sisal cellulose microcrystals (CNC), polyamine‐functionalized perylene bisimide derivative (APBI), and PVA through a simple electrospinning technique. These novel PVA films exhibit excellent thermal, mechanical, and shape memory properties. Moreover, after spin‐coating with Ag nanowires, the PVA films show excellent conductivity and flexibility in shape memory recovery cycles, and are used as a flexible sensing device in the circuit.