Wait before you dismiss this as a crank question :)
A friend of mine teaches school kids, and the book she uses states something to the following effect:
If you divide the circumference of any circle by its diameter, you get the same number, and this number is an irrational number which starts off as $3.14159... .$
One of the smarter kids in class now has the following doubt:
Why is this number equal to $3.14159....$? Why is it not some other irrational number?
My friend is in a fix as to how to answer this in a sensible manner. Could you help us with this?
I have the following idea about how to answer this: Show that the ratio must be greater than $3$. Now show that it must be less than $3.5$. Then show that it must be greater than $3.1$. And so on ... .
The trouble with this is that I don't know of any easy way of doing this, which would also be accessible to a school student.
Could you point me to some approximation argument of this form?

You can try doing what Archimedes did: using polygons inside and outside the circle.
Here is a webpage which seems to have a good explanation.
An other method one can try is to use the fact that the area of the circle is $\displaystyle \pi r^2$. Take a square, inscribe a circle. Now randomly select points in the square (perhaps by having many students throw pebbles etc at the figure or using rain or a computer etc). Compute the ratio of the points which are within the circle to the total. This ratio should be approximately the ratio of the areas $ = \displaystyle \frac{\pi}{4}$. Of course, this is susceptible to experimental errors :-)
Or maybe just have them compute the approximate area of circle using graph paper, or the approximate perimeter using a piece of string.
Not sure how convincing the physical experiments might be, though.