Getting a Fair Toss From a Biased Coin
billthelizard.com
billthelizard.com
http://en.wikipedia.org/wiki/Fair_coin#Fair_results_from_a_b...
Edit: oops! I failed to reinvent discarding by pairs. That makes my attempt a fail. D'oh!
A: I call heads.
<flip>
B: It came up tails! I win!
A: No, wait, we're not done yet. We need to flip it again, if it comes up tails, we start over.
B: What? No, give me my doughnut!