Another fun reaction that is a favourite demo of chemists is termed "Elephant Toothpaste". This experiment is fairly simple.
What you need:
A graduated cylinder
30% solution of hydrogen peroxide (note: household hydrogen peroxide is 3% solution)
Potassium Iodide-KI (either solid or saturated solution)
Dish soap
Food colouring (a minty green is where the "toothpaste" moniker comes from.)
The potassium iodide is used as a catalyst-it starts the reaction, but is not consumed in the reaction. The actual chemical reaction that happens is the break down of the hydrogen peroxide into water and oxygen very rapidly, accompanied by the production of heat.
2 H2O2 ----> 2 H2O + O2
In the graduated cylinder, you mix the soap, the hydrogen peroxide, and the food colouring. Then very carefully add the potassium iodide. The oxygen gas produced causes the soap to foam up rapidly and make a huge mess to the delight of many (except those who have to clean it up).
This particular reaction has obtained pop culture notoriety by being used on the Big Bang Theory as a method of revenge. Check it out: http://www.youtube.com/watch?v=-pUeOAit7zI
The amount of foam produced on their kitchen counter is absolutely not exaggerated, which is what makes the demo so cool.
There is one small thing in this scene, however, that bugs me every time I see it and therefore feel I should mention it now. Sheldon, while wearing latex gloves (which you should wear if you handle these chemicals-serious burns can arise from 30% H2O2. Just think about the sting 3% gives you.) picks up a glass of Mountain Dew and drinks it. This is just terrible and upsetting lab protocol. There is dangerous chemicals on those gloves and all around, and he's bringing them to his mouth! That is a great way to ingest something that may kill you rapidly. It makes me cringe to watch. I guess you shouldn't expect better from a physicist.