Answer:
I dance on one feet and knows only one shape. Someone with same name as me is very good with directions
I am used when you jump off a bridge for fun.
I go into the water black and come out red. What am I?
I am a tale in childrens' minds. Though an illusion, I occur every night. I give them a fantasy, I give them a fright. What am I?
I am a red drum which sounds without being touched, and grows silent, when touched. What am I?
What made Cyclops quit teaching?