I can sizzle like bacon,
I am made with an egg,
I have plenty of backbone, but lack a good leg,
I peel layers like onions, but still remain whole,
I can be long, like a flagpole, yet fit in a hole.
I am beautiful, up in the sky. I am magical, yet I cannot fly. To people I bring luck, and to some people, riches. The boy at my end does whatever he wishes. What am I?