Large diameter yet highly conductive Carbon Nanotube (CNT) yarn could have prospective control on high‐tech application field spanning from electronic devices to wearable textiles; although the development of such macroscopic CNTs is extremely challenging. Especially, while fabricating CNT composite yarn with polymer, insulative nature of polymeric materials inherently propagates poor electrical conductivity to CNT yarn. To address this, we have proposed an exciting approach to fabricate large dimension, highly conductive yet flexible CNT‐Thermoplastic Polyurethane (TPU) composite yarn through unidirectional compression‐stretching process. Our technique allowed TPU molecules to be well dispersed into inner and inter‐CNT bundles facilitating well flexibility while the simultaneous functions of pressure and tension allowed more closely packed CNTs network within densified CNT yarn reducing the inherent voids and contact resistance. The consequent yarn possessed high conductivity of 1613 S/cm, attractive mechanical performance (tensile strength 1.3 GPa, Young's modulus 12 GPa, toughness 100.75 MJ/m3), exceptional anti‐abrasive ability (up to 46,350 cycles) endowing its multidirectional adaptability for smart textiles. Moreover, the desirable E‐heating performance together with excellent electrical stability allows successful exploitation of the prepared CNT yarn as stretchable heater. Such amazing integrated characteristics may allow the resultant yarn to replace traditional carbon fiber in various high‐tech arena as well.