What is the maximum altitude you can get out of a single stage? I have the feeling that the 1000-foot level is a worthy target. Here are three ideas I developed to advance towards the goal in large steps:
Construction: the disk is cut from 3/4" blue or gray styrofoam. Keep 1/4" clearance from the inside bottle wall. The rocket of course is built up out of (at least) 2 sections, and the disk is dropped in before the sections are glued together.
Find a small plastic bottle (such as a trial size shampoo bottle) with a screwtop cap. Make a hole in the center of the disk and glue the cap into the hole, female thread side down. Use the male thread on the top of the little bottle to glue to the top of your rod. You can now squeeze the bottle to hold the disk, and screw in the rod. This allows for replacement of the rod at any time for tuning, exchange etc.
Magic you say? Not really. See fast water. I also seem to remember that some fire departments use this same trick to get more water out of a hose.
Like I said, don't try this at home! I warned you.