xapply 'ping -t 1 -c 1 %1 > /dev/null 2>&1; A=$?; echo -n "%1 - "; [ $A -eq 0 ] && echo "ONLINE" || echo "***DOWN***"' `cat hostlist`
Outputs:
project1 - ONLINE mokey - ***DOWN*** boober - ONLINE wimbley - ONLINE doozer - ONLINE felix - ONLINE red - ***DOWN*** sprocket - ONLINE henchy - ONLINE falcon - ONLINE talon - ONLINE junior - ONLINE doc - ONLINE eagle - ***DOWN***