The petticoat is the white wax, the red nose is the flame, and she shrinks as she burns.
Little Nancy Etticoat, in a white petticoat and a red nose. The longer she stands, the shorter she grows. What is she?
Give me a hintThe hint
Her red nose is hot.
Reveal the answerHide the answer
A candle
Source: English nursery riddle, Mother Goose’s Nursery Rhymes, 1877