Answer:
I am an insect and the first part of my name is the name of another insect. What am I?
I am a sharp looking horse with a flaxen tail. The longer I run the shorter my tail becomes.
I hold two meanings. With one I may be broken with the other I hold on.
I have no life but I can die. What am I?
What is full of holes but still holds water?
Whoever made me don't want me. Whoever bought me don't need me. Whoever use me don't know me.