Answer:
I bind it and it walks. I loose it and it stops.
I have one, you have one. If you remove the first letter, a bit remains. If you remove the second, bit still remains. If you remove the third, it still remains.
What gets wetter as it dries?
What always goes to bed with his shoes on?
What goes in the water red, and comes out black?
What covers its face with its hands, speaks no language, yet most known what it's saying?