Spandex is an elastomeric fiber known for its superior elasticity. It is a synthetic polymer composed of at least 85% polyurethane. Spandex, such as the popular brand Lycra, is lightweight and can be blended with other fibers to create stretchy fabrics. It is used for applications like sportswear, swimwear, seamless garments, medical bandages, and more due to its elasticity, strength, and resistance to degradation.