Answer:
I lose my head in the morning and regain back it at night.
I'm tall I'm round and hollow Seems to get chewed a bit But you'll rarely see me unless the other end is lit.
You went into the woods and got me. You sat down to seek me. You brought me home because you couldn't find me.
I am merry creature in pleasant time of year as in but certain seasons I sing that you can hear; And yet I'm made a by-word A very perfect mock; Compared to foolish persons And silliest of all folk.
I reach for the sky but clutch to the ground. Sometimes I leave but I am always around.
Both old people and owls are said to be possessing this trait