You have two strings whose only known property is that when you light one end of either string it takes exactly one hour to burn. The rate at which the strings will burn is completely random and each string is different.
In the given picture, you can find two letters missing. When two particular letters are placed in the missing spots, you get an eight-letter word while reading in the anti-clockwise direction. Can you find out the missing letters and the missing word eventually?
I am dry when I go inside, but wet when I am pulled outside.
The longer I am inside, the stronger I get
When I am completely out, I am wet and I literally sag
Who am I?