The present invention discloses an invisible word proposing projector system and a video data processing method. The system comprises a light source, a first convergence mirror, a color wheel, a second convergence mirror, a digital micro-mirror, a digital micro-mirror driving module and a lens, and further comprises a frame synchronization signal transmitting module, liquid crystal glasses, a subtitle data generation module, a video data generation module and a subtitle superposition module. The video data is processed through a subtitle superposition module, the processed video data is projected to a lens by a digital micromirror, and a projection area is formed on an imaging plane; after the liquid crystal glasses are worn, hidden subtitles can be observed on an imaging plane, audienceswithout liquid crystal glasses cannot observe the hidden subtitles on the imaging plane, the projection effect of the video data on the imaging plane under the view angle of the audiences is the sameas that through a common projector; and the design is reasonable, the use is convenient, the projector can be used as a common projector, the function of giving words to a speaker can be realized, andthe watching of the audience is not influenced.