Here are some amazing videos about slinky drop experiment.
https://www.youtube.com/watch?v=oKb2tCtpvNU&NR=1
https://www.youtube.com/watch?featu...v=JsytnJ_pSf8&annotation_id=annotation_314765
At the end, when the slinky is collapsed, its centre of mass has speed that corresponds to the gravitational potential energy of the fully extended slinky. The internal forces and motions do not count.
Again, that problem was for high-school students. Here is a high-school slinky model. The mass of the slinky is M , its spring constant is D. Imagine to cut the slinky to N equivalent parts, and make a chain of beads with masses m=M/N connected by equivalent massless springs, with spring constant k=DN. The unstretched length of all springs can be taken zero.
In equilibrium, The springs have lengths L1, L2, ...Ln, and tensions T1, T2...Tn. The positions of the beds are y1, y2, ...yn.
According to Hook's Law, T1=kL1...Tn=kLn.
From the equilibrium condition, T1=mg, T2-T1-mg=0 --> T2=2mg, .. Tn=nmg.
The length are: L1=mg/k, L2=2mg/k, Ln=nm/k.
The positions of the beads:
y1=0, y2=L1, y3=L1+L2,...##y_n=\sum_1^{n-1}L_i =\frac{mg}{k}\sum_1^{n-1}i=\frac{mg}{2k}n(n-1)##
The gravitational potential energy is ##\sum_1^{N}mgy_n ##, the elastic potential energy is ##\sum_1^{N}0.5kL_n^2 ##.
The total length of the slinky is ##L=\sum_1^{N}L_n ##
Edit: [STRIKE]For the whole extended slinky, Mg=DL[/STRIKE].
Substitite m and k in the energy expression with m=M/N and k=ND=N (Mg/L).
ehild