Answer:
I have no head and a tail I lack but I do have arms and legs and back; I inhabit the palace the tavern the cot 'tis a beggarly residence where I am not. If a monarch were present (I tell you no fable) I still should be placed at the head of the table.
It's in your hand though you can not feel it. Only you and time can reveal it.
I am Invisible Man's drink at snack time
I help engines spin and pants stay up. What am I?
Bright as diamonds, loud as thunder, never still, a thing of wonder. What am I?
I am owned by Old McDonald.