Answer:
What breaks in the water but never on land?
Without what would everyone lose their head?
Sitting down you have it, Standing up you don't.
A young man wants to have it, but when he has it he no longer wants it. Blade in hand he attacks it And does his best to remove it. Yet he knows that it is all in vain.
Can describe a distress signal or flashy accessories.
What never gets any wetter no matter how hard it rains?