Thanks Doc Al.
I found a post somewhere else(allexperts.com) that goes:"Question
I can understand why an object accelerates in the direction of the force when subjected to it , and i can understand it rotating due to a torque. What i want to know is that , Why should the body (in the situation i mentioned); when subjected to a force not passing through its COM ; CHOOSE,so as to speak, to rotate about an axis passing through the COM only? Why not some other axis?
While thinking about this ques. i realized that out of all the infinite Moment of Inertias a body can have , the least one is would surely be about an axis through the COM. But why this should be the reason i seek,if at all, I have no clue.Here i hoped that u could shed some light."
The answer was:"ANYWAY, the reason that objects spin only around their CoM is because any attempt to spin around somewhere other than the CoM is inherently unstable. If an object tried to rotate about an axis other than one passing through its CoM, it would get so out of equilibrium that it would rapidly adjust its rotation to one passing through its CoM.
The following experiment (which you can do either for real or in your head) should show what happens. Take two buckets, fill them with water, and then hold one in each hand. Now start to spin yourself with enough speed that the buckets move away from body. You'll notice that you can do this indefinitely (or at least until you get dizzy); your spinning is stable.
Now let go of one of the buckets. Your spinning will immediately get very UNstable, because your CoM has changed so much that you can no longer maintain a spin around the axis that USED to be your CoM, but no longer is. The only way to return to a stable spin is to lean away from the remaining bucket of water; ie, to adjust your CoM so that your axis of spin again goes through your CoM.
I can't go into more detail about WHY such an attempted spin (ie, outside the CoM) is unstable, without introducing the concept of pseudo-forces within a rotating frame. But the above experiment should show you that attempting to spin around an axis outside the CoM is unstable".