Answer:
I can be repeated but rarely in the same way. I can't be changed but can be rewritten. I can be passed down, but should not be forgotten. What am I?
I am a tool for fairies.
I go up, let out a load and then go back down. What am I?
I turn everything around but I cannot move. When you see me you see you!
My first part compliments people. My second part makes things known. My third part hurts feelings. My fourth part may hold a precious treasure. My fifth part is used when sharing fancy beverages.
Give it food and it will live, give it water and it will die.