The Levitron is a fascinating toy consisting of a magnet in the form of a spinning top which can float stably above a repelling magnetic base.
Details of the toy can be found here.
I have made a 3-minute video of the levitron in action. I also have a levitron in my office, and if contacted in advance, I would be happy to demonstrate.
The aim of the project is to understand the why the Levitron works by modelling it mathematically as a lagrangian dynamical system with symmetries. This is achieved by studying the two papers listed below.
Both of these papers are available electronically from the University of Edinburgh Library.
Individual project for Combined Degree students in Mathematics and Physics
Lagrangian Dynamics
Differential Geometry