Answer:
What do you throw out to use and take in when you're done?
Brown I am and much admired; many horses have I tried; tire a horse and worry a man; tell me this riddle if you can.
I cut through evil like a double edged sword, and chaos flees at my approach. Balance I single-handedly upraise, through battles fought with heart and mind, instead of with my gaze.
Flat as a leaf, round as a ring. Has two eyes, can't see a thing.
What lies in a tunnel of darkness. That can only attack when pulled back?
You use it between your head and your toes, the more it works the thinner it grows.