What is the meaning of Elastic?

Capable of stretching; particularly, capable of stretching so as to return to an original shape or size when force is released.

Made of elastic.

Of clothing, elasticated.

Sensitive to changes in price.

Pervasive, all-encompassing.

Able to return quickly to a former state or condition, after being depressed or overtaxed; having power to recover easily from shocks and trials.

An elastic material used in clothing, particularly in waistbands and cuffs.

Specifically, a hair tie.

Source: wiktionary.org

See also