Short video is developed rapidly under the joint action of external environment and internal drive. The accompanying problems are also endless，including the vulgarization，homogenization，false information and information security and infringement of content information. In 2018，the Chinese government intensively introduced a number of rules and regulations to regulate the short video communication chaos and achieved immediate results. This study analyzes the reasons behind the development of short video from the economic，psychological，and management dimensions，and combs the current short video. Governance status，analyze the governance dilemma of short video，and then propose management，policy，industry，transmitter，audience，platform，technology multi-party supervision，multi-governance governance.