Answer:
Describes a mysterious region and a stylish pair of shorts.
A word I know, six letters it contains. Subtract just one and twelve remains.
What has one eye but cannot see?
What measures out time until in time all is smashed to it?
I am so simple that I can only point. Yet I guide men all over the world.
They are many and one, they wave and they drum, Used to cover a state, they go with you everywhere.