Answer:
White fat and fluffy, May even look like a puppy. Seems heavy but is light, Floats about without a worry, But if it turns dark you have to hurry!
Ripped from my mother's womb. Beaten and burned, I become a blood thirsty killer.
What goes in the water red, and comes out black?
I love to dance and twist and prance. I shake my tail, as away I sail. Wingless I fly into the sky.
I have an eye but cannot see, You'll head inside when you see me.
If itβs information you seek, come and see me. If itβs pairs of letters you need, I have consecutively three. What am I?