It seems to me that some hand-waving (by which I mean some arguments that aim at giving some form of intuition on the problem even at expenses of complete rigour [and not mnemonics for high-schoolers or totally bogus oversimplistic smoke curtains]) may be really useful at times to get some insight on a problem.
For example, in Levi's Mathematical Mechanic there are many intelligent examples of problems where some physical intuition (while not perfectly rigorous) may help yield some result and even converted into a formal argument.
So, I would like to collect a "big list" of "useful" (and possibly somewhat sophisticated), insightful and interesting heuristics and hand-waving arguments (which may also include some reference to physical principles e.g. see this)
Answers by Christian Blatter often contain A little bit of Physics. This one is a wonderful example:
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How find this inequality $\max{\left(\min{\left(|a-b|,|b-c|,|c-d|,|d-e|,|e-a|\right)}\right)}$
A parabola is the trajectory $\,\vec{r}\,$ of a particle with initial position $\vec{s}$ , initial velocity $\,\vec{v}\,$ and constant acceleration $\,\vec{a}$ . This leads to the representation $\,\vec{r}(t) = \vec{s} + \vec{v}\, t + \vec{a}\, t^2$ , as has been employed in:-
Proving that for each two parabolas, there exists a transformation taking one to the other
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What is wrong with this method for a rotated and shifted parabola?
The following answer is inspired by the physical - what is "slimness" - and the physics / mechanics of solid bodies - Moments of inertia . With respect to the latter, any - "slim" or "fat" - 2-D body can be thought as an ellipse (of inertia). Then there is a wonderful relationship between the physical, the physics, and the mathematics of Steiner ellipses :-
How fat is a triangle?
Couldn't really distinguish between physics intuition and a mathematical argument at this place: