Waddle waddle in mu tuxedo, hugging my friends if I feel chilly.

My name describes what you do to me, not what I do

First five beat the darkness. Last four can get planted. This will go off over your head when you figure the riddle out. If you're a cartoon, that is.

You can hold me for a while, but I’ll always win eventually.

I am born of a tear, yet I quench fire's thirst, I grow to my very limits, but I bend till I burst. I erase all your errors, though I wear myself at the slightest stress, And I jump up and down on the street with no mess.