Just thread a rubber band through two of these drilled steel balls and you are ready to go!
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Centripetal Spheres: two ball bearings connected by a rubber band orbit each other as energy oscillates between elastic potential energy and rotation kinetic energy. Just wind up the rubber band and let go. When the rubber band has unwound the rotational inertia of the bearings winds it back up until it changes direction. The process repeats until the initial energy is dissipated through friction.