Excimerformation in a new class of terthiophene‐based fluorophores covalently bonded to a cyclotetrasiloxane scaffold has been demonstrated and the photophysical process ruling it has been investigated in detail and modeled theoretically. In contrast to the conventional systems in which long‐living fluorophores such as pyrene are linked in the same molecule, an excimer is formed only when two terthiophene‐based