Balloon Rockets - I've done this in several science camps I've conducted. Kids have fun with it. But, when the balloon deflates it may fall off the straw because it's surface area changes - another good thing to show and explain to kids.
this one sounds even easier to make: bubble snakes = easy quick craft. Cut the bottom off water bottle. Put old sock over bottom and duct tape. Add food coloring for fun. Dip end in dish soap mixed with a little water