Answer:
I am rubber you can eat!
A move made popular by the King of Pop.
I am black, white, and read all over. What am I?
My head and tail both equal are my middle slender as a bee. Whether I stand on head or heel Is quite the same to you or me. But if my head should be cut off the matter's true though passing strange directly I to nothing change.
I let water fall on you while everyone else stays dry.
I am rarely touched but often held. If you are smart you'll use me well. What am I?