Answer:
What is full of holes, but can still hold a lot of water?
Hoofed frolicking.
I am believed to be only one dimensional, and tinier than anything can be, and there are many who say that I am the basis of all that we see. What am I?
The sun bakes them, the hand breaks them, the foot treads on them, and the mouth tastes them.
What can burn the eyes, sting the mouth, yet be consumed?
Those with eyes bigger than their stomach will definitely leave the restaurant with one of them. It is named after a house pet as well.