Link together become strong and mighty but also find the weakest link and also derail me

In painted guise, a crowd's delight, a king in folly's bright spotlight. Twisting tales with a mischievous grin, turning laughter loud from deep within.

I hold your food for years without it getting spoiled. I get kicked around by those who've lost, been beaten or have toiled.

You probably know me from a famous game, Where I live in a caste, But your princess is in another one.

I’m named like a monster but fly like a fairy, skimming the water light and airy.