In-depth profile control is a great challenge for high-efficiency oil displacement by water flooding. In this work, a shear-responsive self-lubricating hydrogel FPP-0.5, by combining the thixotropic FT (N-fluorenylmethoxycarbonyl-l-tryptophan) supramolecular network with high-strength PAM–PAANa (PAM: polyacrylamide, PAANa: sodium polyacrylate) polymer network, was synthesized and applied for in-depth profile control in water flooding. The disassembly of the FT supramolecular network induced by shear force, accompanied by the formation of a lubricating layer on the gel surface, gives FPP-0.5 gel self-lubricating function. Meanwhile, the PAM–PAANa polymer network, as a protective scaffold for the FT network, endows FPP-0.5 with high strength, making it difficult to be broken by water flow. Moreover, the shear responsiveness enables FPP-0.5 to adjust its own strength and self-lubricating performance according to the different stages of the profile control process, so as to realize dynamic profile control. From oil displacement results, in comparison to the PAM–PAANa gel, the plugging rate, water flooding volume sweep efficiency, and oil recovery of FPP-0.5 were improved by 83.1, 155.4, and 34.0%, respectively, up to 86.6, 83.5, and 71.3%, indicating its better in-depth profile control ability.