In this paper, a novel no-equilibrium 5D memristive hyperchaotic system is proposed, which is achieved by introducing an ideal flux-controlled memristor model and two constant terms into an improved 4D self-excited hyperchaotic system. The system parameters-dependent and memristor initial conditions-dependent dynamical characteristics of the proposed memristive hyperchaotic system are investigated in terms of phase portrait, Lyapunov exponent spectrum, bifurcation diagram, Poincaré map, and time series. Then, the hidden dynamic attractors such as periodic, quasiperiodic, chaotic, and hyperchaotic attractors are found under (...) the variation of its system parameters. Meanwhile, the most striking phenomena of hidden extreme multistability, transient hyperchaotic behavior, and offset boosting control are revealed for appropriate sets of the memristor and other initial conditions. Finally, a hardware electronic circuit is designed, and the experimental results are well consistent with the numerical simulations, which demonstrate the feasibility of this novel 5D memristive hyperchaotic system. (shrink)