@ porchrat I have absolutely no idea about that stuff but I think I more or less understand what you said. Thanks
Thank you for taking an interest

. I try to write things as simply as I can because I know when I'm not familiar with a topic I learn more about it when people put it into words that I can understand. I appreciate it when people do it for me, so I try to do it for everyone else. I hope it didn't get too complex. You can mostly ignore the 5' and 3' stuff as that was just additional information and really only needs to be considered if you're interested in knowing how scientists number carbon in chemical structures.
These telomeres though, is that just simply a "design flaw" (not to imply conscious design) in how cell replication works?
Well I suppose you could call it a design flaw. The molecular machinery that facilitates DNA replication is far from perfect. To me it isn't the telomere that is "flawed" it is the machinery that replicates DNA. Telomeres do their job wonderfully.
The replication proteins are only really able to work in one direction kind of like the tread on a tyre can only throw water when it is moving in one direction and not the other. The replication of the parts that are missed is a cludge that works sort of OK but definitely has room for improvement. I mean any system that is leaving off the last few hundred nucleotides (that's those TACG things... just in case

) is not as efficient as it could be.
You'll find most things in the molecular world are like this though.
And what is the correlation with different forms of life from trees to elephants to day-flies that makes their life-span different? Metabolism and/or cell structure or something?
Bare in mind once again I know absolutely nothing here, would probably do me well to google and wiki
A combination of metabolism and cell structure yes.
Regardless of the lifeform once a telomere is fully degraded cell replication will quickly cease. Research also seems to suggest that the longer an organism can maintain it's telomeres the longer it lives. The rate of degradation of the telomeres ranges from organism to organism and depends on many things. Some of which are:
1. The time between replication of cells: Cells that replicate every few hours or every few days will reduce the telomere rapidly because the telomere loses length with each replication.
2. The length of the telomere: Not all cells have telomeres of the same length.
3. The amount of the telomere lost in each replication: Not all organisms lose the same amount of telomere DNA with each replication cycle.
4. Environmental factors: When a cell's DNA is irreparably damaged by some or other environmental factor (e.g. sunlight, chemical exposures, internal regulatory processes run a mock) then the cell commits suicide through a method called apoptosis. This helps to stop badly damaged DNA from being replicated because after all who knows what would result in.
5. Enzyme activity: As Techne mentioned there is an enzyme called telomerase. Telomerase facilitates the elongation of telomeres by recreating the repetitive DNA sequence that telomeres are made up of (in vertebrates telomeres are made up of constantly repeating units of "TTAGGG" over and over again) and sticking it on the end of the chromosome. It has been demonstrated that increasing telomerase formation in mice through gene manipulation increases their lifespans by rather large percentages. (If anyone is interested just let me know and I'll see if I can find the article again). Through telomerase the organism can maintain it's telomeres for longer thus allowing cells to go on reproducing normally for longer.
1, 4, and 5 are pretty much metabolic in nature and 2 and 3 have to do with cell structure.