The invention discloses octadecyl oleamide and preparation thereof. The octadecyl oleamide has a structure shown by the general formula (I) in the specification. The octadecyl oleamide provided by theinvention is a plastic additive which is multifunctional, high-efficiency, high-temperature resistant, low-migration and wide in range of application, can be used as one or more of an anti-blocking agent, a slipping agent, an antistatic agent, a heat stabilizer, a release agent and an anti-wear agent in plastics, and has the effects of lubricating an opening and improving the properties of a plastic product, such as scratch resistance, wear resistance, static electricity resistance, high-temperature resistance and the like.