An electric torch (10) includes a main body (1), a head assembly (2), and a rear assembly (3) releasably engaged with a rear end of the main body. The rear assembly includes a rear cover (31) for enclosing an electrically conductive spring (315), an electrically conductive cathode plate (314), and a magnetic controlled member (313, 318) therein. The spring is electrically engaged between negative terminal (152) of the battery pack and the cathode plate. The magnetic controlled member is disposed between the cathode plate and rear end of the rear cover, and can divert electric current flows in the torch under an attractive force of a magnet. The main body and the rear cover are electrically conductive, and given an electrically nonconductive surface treatment except for certain areas (11-13, 3111-3112, 3121, 3121′, 3122) for electrically connection. The torch is waterproof and multifunctional.