Answer:
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 do you call a dog that sweats so much?
People chop this off for a good cause.
What is the smartest letter of the alphabet?
What can make an octopus laugh?
You throw me out when you use me and take me in when you are done.