This article investigates the problem of relaxed exponential stabilization for coupled memristive neural networks (CMNNs) with connection fault and multiple delays via an optimized elastic event-triggered mechanism (OEEM). The connection fault of the two or some nodes can result in the connection fault of other nodes and cause iterative faults in the CMNNs. Therefore, the method of backup resources is considered to improve the fault-tolerant capability and survivability of the CMNNs. In order to improve the robustness of the event-triggered mechanism and enhance the ability of the event-triggered mechanism to process noise signals, the time-varying bounded noise threshold matrices, time-varying decreased exponential threshold functions, and adaptive functions are simultaneously introduced to design the OEEM. In addition, the appropriate Lyapunov-Krasovskii functionals (LKFs) with some improved delay-product-type terms are constructed, and the relaxed exponential stabilization and globally uniformly ultimately bounded (GUUB) conditions are derived for the CMNNs with connection fault and multiple delays by means of some inequality processing techniques. Finally, two numerical examples are provided to illustrate the effectiveness of the results.