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White-light superflares from ultra cool stars are thought to be resulted from magnetic reconnection, but the magnetic dynamics in a fully convective star is not clear yet. In this paper, we report a stellar superflare detected with the Ground Wide Angle Camera (GWAC), along with rapid follow-ups with the F60A, Xinglong 2.16m and LCOGT telescopes. The effective temperature of the counterpart is estimated to be $2200\pm50$K by the BT-Settl model, corresponding to a spectral type of L0. The $R-$band light curve can be modeled as a sum of three exponential decay components, where the impulsive component contributes a fraction of 23\% of the total energy, while the gradual and the shallower decay phases emit 42\% and 35\% of the total energy, respectively. The strong and variable Balmer narrow emission lines indicate the large amplitude flare is resulted from magnetic activity. The bolometric energy released is about $6.4\times10^{33}$ ergs, equivalent to an energy release in a duration of 143.7 hours at its quiescent level. The amplitude of $\Delta R=-8.6 $mag ( or $\Delta V=-11.2$ mag), placing it one of the highest amplitudes of any ultra cool star recorded with excellent temporal resolution. We argue that a stellar flare with such rapidly decaying and huge amplitude at distances greater than 1 kpc may be false positive in searching for counterparts of catastrophic events such as gravitational wave events or gamma-ray bursts, which are valuable in time-domain astronomy and should be given more attention.