Answer:
Add a T and I shoot through the sky. Then add an S and I multiply. What word is it?
Take one out and scratch my head I am now black but once was red.
What surrounds the world, yet dwells within a thimble?
Two little holes in the side of a hill. Just as you come to the cherry-red mill.
In Paris but not in France, the thinnest of its siblings.
You use it between your head and your toes, the more it works the thinner it grows.