Optical frequency combs (OFCs) are essential in precision metrology, spectroscopy, distance measurement, and optical communications. Significant advances have been made recently in achieving micro-OFC devices based on parametric frequency conversion or electro-optic phase modulation. Here, we demonstrate a new kind of microcomb using a cavity optomechanical system with giant oscillation amplitude. We observe both optical and microwave frequency combs in a microtoroid resonator, which feature a flat OFC with 938 comb lines and a repetition rate as low as 50.22 MHz, as well as a flat microwave frequency comb with 867 comb lines. To generate such giant oscillation amplitude, we excite an overcoupled optical mode with a large blue detuning that is assisted with the thermo-optic nonlinearity. A new type of nonlinear oscillation, induced by competition between the optomechanical oscillation and thermo-optic nonlinearity, is also observed.