1) get a copper pipe.
2) get a small strong magnet, preferably shaped like a cylinder shorter than its diameter.
3) demonstrate that the copper pipe is not a permanent magnet by holding the magnet up to it.
4) drop the magnet down the cylinder flat end up (probably, anyway, but it depends on your magnet... you want the north and south poles pointing up and down).
5) watch in amazement as the magnet slowly floats to the bottom of the pipe without touching the sides.
This is due to induced electrical currents in the copper pipe caused by the changing magnetic field flux through the pipe as the magnet falls. At this point, due to Lenz's law (i put it at the bottom if you're lazy), the magnetic field produced by these induced currents opposes the magnetic field of the magnet, causing it to float gently down the pipe (at least, that's more or less what happens... the math is not high school level)
This is the coolest, simplest physics demonstration i have seen. It's also fun to play with, even if you don't really understand what's going on.
Lenz's Law: "The emf induced in an electric circuit always acts in such a direction that the current it drives around the circuit opposes the change in magnetic flux which produces the emf."
If Lenz's law was the opposite of what it was, we would have free energy (the magnet would be pushed down the pipe by the magnetic field produced by the induced current caused by the magnet's own magnetic field changing the flux through the pipe and so on and so forth... force comes out of nowhere!) so it has to be that way.
It's been a while since I last did this stuff though so nazis may be able to point out some errors in what I said... but it's more or less right. Also I may have misworded something because there's a lot going on here.