Definitions from Wiktionary ( )

▸ adjective:  Capable of stretching; particularly, capable of stretching so as to return to an original shape or size when force is released.
▸ adjective:  Made of elastic.
▸ adjective:  Of clothing, elasticated.
▸ adjective:  (economics) Sensitive to changes in price.
▸ adjective:  springy; bouncy; vivacious
▸ adjective:  Pervasive, all-encompassing.
▸ adjective:  Able to return quickly to a former state or condition, after being depressed or overtaxed; having power to recover easily from shocks and trials.
▸ noun:  (uncountable) An elastic material used in clothing, particularly in waistbands and cuffs.
▸ noun:  (Canada, countable) An elastic band.
▸ noun:  (Northeastern US) Specifically, a hair tie.

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