This work demonstrates a TfOH‐catalyzed multicomponent reaction. Using propargylic alcohols, aldehydes and sulfonamides as the substrates, a wide variety of acyclic α‐arylidene β‐aminoketones were prepared in high yields. The reaction mechanism likely involved a sulfonyl imide intercepted Meyer‐Schuster rearrangement combined with 1,3‐aryl migration. The present transformations proceeded with a low catalyst loading and permitted a large number of substituents on all reactants. The superior atom economy, high yield and convenient operation of this reaction suggest that it may be a practical alternative for the construction of acyclic α‐arylidene β‐aminoketones.