Another demonstration uses what is known as a Monte Carlo technique. Draw a square of some convenient size, and inside the square draw the largest possible circle.
Next, scatter lots of dots at random all over the square; keep a count and call this number S dots. Count how many of those random dots fall inside the circle, call this number C. Then the ratio C/S gives us the ratio of the areas of the two figures, viz., Pi/4.
The more dots you scatter, the more accurate the resultant estimate for Pi. Repeat this multiple times to improve the result even further.
I like this method, because after performing it 7 or 8 times you can apply a law of statistics to produce an estimate of Pi to much better precision than you would expect.