Let's see... You could race two round objects down an inclined plane and then along a level surface.
Use say a car with light wheels and an identical car packed in a cardboard cylinder so that the whole thing rolls.
The question is why is the car rolling on its wheels traveling faster.
Point out that since they weigh the same the faster car has more kinetic energy due to its forward motion.
But since both dropped the same height they both got the same amount of potential energy from gravity. What happened to the missing energy in the car rolling inside the cardboard tube?
The answer is of course that part of the energy went into the rotation of the whole car where in the other case only the wheels are rotating...and even though the wheels roll faster they are small so have less rotational kinetic energy.
It would be ideal if you can measure the speeds and do the quantitative calculations on the potential, linear kinetic and rotational kinetic energies. Do you have one of those ultrasound rangers which hook into the TI calculators?
You could make an entire lab out of this after the basic demo.
[PS: To make it perfect let the car carry the cardboard cylinder in the one case. Also if friction comes up point out that (and carefully set things up so that...) there is no sliding so no frictional work is done.]