A thread-born guardian, close to your chest, With buttons or collars, it dresses your best. In colors of the rainbow, it loves to appear, A second skin, both far and near.

In a bucket or the ocean, it's futile. But a child might fancy a world Where one of rain is of gum or lemon instead.

Bees love it Seeds grow into it Bake with a homophone of it

I know that this riddle's answer is either a blessing or a curse depending on if you owe or are refunded but along with death it is one of life's certainties

Oh kitty, sweet kitty, I love you so! From your whiskers and ears to these on your toes. Like jelly and magic and sprouts of this kind, I do love these things on my feline!