Answer:
A nut cracker up in a tree.
You can hold it without using your hands or arms. What is it?
It's been around for millions of years, but is never more than a month old. What is it?
A thousand colored folds stretch toward the sky. Atop a tender strand, rising from the land, until killed by maiden's hand. Perhaps a token of love, perhaps to say goodbye.
My life can be measured in hours. I serve by being devoured. Thin, I am quick. Fat, I am slow. Wind is my foe.
Iām grown from darkness but shine with a pale light. Very round I am and always a lady's delight.