Answer:
I am free for the taking. Through all of your life, though given but once at birth. I am less than nothing in weight, but will fell the strongest of you if held.
I'm tall in the morning and short in the noon. I disappear at night but I will be back soon.
My first keeps time, my second spends time, my whole tells time.
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.
Round like a dishpan and smaller than a bathtub. But the ocean can't fill it. What is it?
I can only be played on a windy day