The term 'ELASTIC' is often used to describe something that is springy and resilient. It is a word that is used to describe materials that can be stretched or compressed and then return to their original shape. Elasticity is a property of many materials, including rubber, metal, and even some fabrics. Elasticity is an important factor in many industries, such as clothing, automotive, and medical. Elasticity is also used to describe the behavior of certain objects, such as springs and trampolines.