Fast‐swelling superabsorbent polymers (SAPs) have been prepared by micellar cross‐linking copolymerization of acrylic acid and acrylamide using polymerizable macromolecular surfactants (PMSs) as multifunctional crosslinkers, with a foaming technique. Sodium bicarbonate (NaHCO3)/acetone and Pluronic F127 were used as foam (or porosity) generators and stabilizer, respectively. It has been found that the PMSs with different polyethylene glycol (PEG) chain length have little effect on the swelling rate of the SAPs, while the foam generators are crucial. In addition, the monomer concentration and the concentration of the PMS are important to the fast swelling rate of the SAPs. For a balance of a relatively fast‐swelling rate, high water absorbency under load and low cost in drying, a monomer concentration of above 50%, 0.08% PMS, and 5% NaHCO3 are preferable. The water absorbency of SAP prepared under optimal conditions could reach half of equilibrium water absorbency in 30 seconds and the saline water absorbency under load could reach 18.4 g/g. © 2016 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2016, 133, 44173.