To find the center of gravity of an object like a model rocket, balancing it on a narrow point is a simple method. If the rocket is too tippy in the air, it likely has a high center of gravity, which can lead to instability and loss of vertical distance during flight. Keeping the center of gravity low is crucial for stability, as even slight imbalances can cause tipping. Additionally, fins can help maintain stability by ensuring proper alignment and reducing drag. Understanding the forces at play and applying common sense can enhance rocket performance.