The dual beam guides for transverse-electric and transverse-magnetic polarizations of electromagnetic (EM) wave and elastic wave in defect-free phoxonic crystals are reported. The realization for phoxonic virtual waveguides relies on dual flat equifrequency contours (EFCs) enabling self-collimation for EM and elastic waves. As a possible application of our work, the enhanced acousto-optic (AO) interaction in this kind of defect-free phoxonic waveguide, just as it does in defect-based waveguides, is further studied. Results show that obvious shifts of the transmission peaks of EM waves exist for both polarizations during one period of the elastic wave, and single-phonon exchange dominates the AO interaction. This kind of phoxonic virtual waveguide provides an effective platform to enhance AO interaction and exhibits some advantage over defect-based waveguides by properly manipulating the photonic and phononic dispersion surfaces.