A fully transparent and flexible field emission device (FED) has been demonstrated. Single‐walled carbon nanotubes (SWCNTs) coated on arylite substrate were used as electron emitters for the FED and a novel metavanadate phosphor coated on the SWCNTs/arylite film was used as transparent and flexible screen. The SWCNTs/arylite based emitters and the SWCNTs/arylite/metal‐vanadate‐based phosphor showed a transmittance value of 92.6% and 54%, respectively. The assembled device also showed satisfactory transparency and flexibility as well as producing significant current. Metavanadate phosphor is considered to be an excellent candidate due to its superior luminescence properties and easy fabrication onto transparent and flexible conductive substrate at room temperature while retaining reasonable transparency of the substrate. Thus, its transparency and flexibility will open the door to next‐generation FEDs. (© 2012 WILEY‐VCH Verlag GmbH & Co. KGaA, Weinheim)