Answer:
A caribbean shape that makes ships disappear
Sharp and long, flag of the world. What is it?
Take one out and scratch my head I am now black but once was red.
I am the outstretched fingers that seize and hold the wind. Wisdom flows from me in other hands. Upon me are sweet dreams dreamt, my merest touch brings laughter.
Don't do this in the shallow end.
They are many and one, they wave and they drum, Used to cover a state, they go with you everywhere.