Imagine this: the magician reaches into his pocket and produces a small illuminated ball. On the magicians's command, the ball starts to float in mid-air. As the ball is floating, the magician gives the ball a spin. The spinning ball now floats around. The magician's hands circle around the floating ball, dispelling any and all thoughts of how it might be done. Finally, the floating ball rises up and into the magician's pocket!
As an added bonus, Perry also tips the method for performing four other amazing effects: The Amazing Spinning Quarter, The Floating Bill, The Animated Bill, and the Hovering Card!