Answer:
I am the yellow hem of the sea's blue skirt.
What do you purposefully put lots of in and on your body, but run away from when you encounter it outside?
I can be cracked, I can be made. I can be told, I can be played.
My first master has four legs, my second master has two. My first I serve in life, my second I serve in death. Tough I am, yet soft beside. Against ladies cheeks I often reside.
If you break me, I do not stop working. If you touch me, I may be snared. If you lose me, nothing will matter.
Walk on the living, they don't even mumble. Walk on the dead, they mutter and grumble.