Here is a novel way to create one part of a hyperboloid of two sheets.
Steps
Hang string of equal length from many points on a disk.
Collect the string to a point directly below the center of the disk.
Cut through the string at this point and let the string drop again. The string forms one branch of a hyperboloid of two sheets.
Notes
Proof: If you cut at a point L units from the disk., each string will be cut to a length (from the Pythagorean theorem.) Thus these ends form the equation of a hyperbola