Answer:
I bubble and laugh and spit water in your face. I am no lady, and I don't wear lace.
Sleeping during the day, I hide away. Watchful through the night, I open at dawn's light. But only for the briefest time, do I shine. And then I hide away. And sleep through the day.
Some live in me, some live on. And some shave me to stride upon. I rarely leave my native land. Until my death I always stand. High and low I may be found. Both above and below ground.
Talks like this, a green wise man does. Guess my clue, you will.
A precious stone, as clear as diamond. Seek it out while the sun's near the horizon. Though you can walk on water with its power, try to keep it, and it'll vanish in an hour.
I can only be played on a windy day