Two major factors allow the disc to fly -- aerodynamic lift and angular momentum.
Aerodynamic lift is the same principle that allows airplanes to fly. Like the airplane
wing, the frisbee's shape creates a low pressure area above it, and a high pressure pocket
below. Since everything moves towards low pressure, the frisbee moves upwards.
The frisbee wouldn't fly, however, if it wasn't spinning. Momentum is conserved, and since
the spinning disk has angular momentum, it will resist changes in its orientation; i.e. it
won't flip over.
Answered by: Aman Ahuja, Physics student, WPI, Mass.
'I beseech you to take interest in these sacred domains so expressively called laboratories. Ask that there be more and that they be adorned for these are the temples of the future, wealth and well-being. It is here that humanity will grow, strengthen and improve. Here, humanity will learn to read progress and individual harmony in the works of nature, while humanity's own works are all too often those of barbarism, fanaticism and destruction.'