Rhyming Riddle #1: Can You Solve It?

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Can you crack this riddle I made? Place your guess in the comments. I will reveal the answer in a few days!

I exist in the water
And on the dry land
You might pick me up, then
Drop me out of your hand

I'm found on a roll
But not butter or ham
I am soft, white and fluffy
Do you know what I am?

Rhyming Riddle #1: Can You Solve It? | Ecency