The design and synthesis of supramolecular self‐healing polymers with high healing efficiency and excellent integrated mechanical properties is challenging due to conflicting attributes of dynamic self‐healing and mechanical properties. Herein, this study introduces a design concept, that is, “dynamic hard domains,” to balance self‐healing performance, mechanical strength, elastic recovery, and at the same time obtain extreme toughness. The essential features of the dynamic hard domains include: (i) a noncrystallized and loose structure, (ii) low binding energy and high mobility, and (iii) sequential dissociation and rapid rearrangement. Based on this strategy, a simple one‐step polycondensation route is reported to synthesize a transparent polyurethane‐urea supramolecular elastomer (PPGTD‐IDA), which successfully combines decent mechanical strength, extreme toughness, outstanding notch‐sensitiveness, self‐recoverability, and room‐temperature self‐healing. Upon rupture, the PPGTD‐IDA completely restores the mechanical properties within 48 h. Furthermore, the results demonstrate repeatable healing of mechanical properties and prominent antiaging healability. Taking advantages of merits of PPGTD‐IDA, it can be utilized for fabricating impact‐resistant materials for protection of aluminum alloys as well as stretchable and self‐healing conductors, which exhibits unique characteristics such as stable conductivity during stretching (even after healing or with notch), and automatic elimination of the notch during stretching/releasing cycles. A transparent supramolecular elastomer, combining relatively high mechanical strength, extreme toughness, outstanding notch‐insensitiveness, self‐recoverability, and room‐temperature self‐healing properties with complete recovery of mechanical properties is facilely synthesized via the design conception of dynamic hard domains. These well‐balanced properties enable its immediate use in impact‐resistant and energy‐absorbing protective materials as well as stretchable and self‐healing conductors.