In this contribution we show highly polarized photoluminescence (PL) from aligned polyethyleneoxide: polyphenylenevinylene derivative composite nanofibers. We demonstrate PL polarization ratios (parallel to perpendicular) greater than 13. This ratio is further increased (up to similar to 25) by stretching the nanofibers. Stretching also results in an increase in conjugation length, fiber density, and PL lifetime. We argue that the effect of stretching is equivalent to applying a permanent and strong pressure. Our results open up the possibility for new optoelectronic devices and fundamental science studies based on polymer nanofibers. (C) 2008 American Institute of Physics.