Answer:
A piece of paper that determines the academic fate of kids everywhere.
What kind of storm is always in a rush?
It get wetter and wetter the more it dries
You give it to your daddy, you give to your mommy, you give it to your sister and your brother and even give it to Fido and Lassie. If they give it back to you, then you both have one. You also have an unlimited supply. What is it?
Why was the person shocked?
I fly to any foreign parts assisted by my spreading wings. My body holds an hundred hearts Nay I will tell you stranger things when I am not in haste I ride and then I mend my pace anon.