Answer:
I am the word that is always spelled correctly by everyone.
kings and queens may cling to power and the jesters may have their call. I am the most common but I can rule them all.
One simple click, one simple flash. A piece of memory, for years I'll last. What am I?
I hold two meanings. With one I may be broken with the other I hold on.
I'm really blue but when you see me I'm red. You don't see me too often. I'm there for you if you're hurt.
I flow from the Homerβs mouth when he sees doughnuts.