Students conducted an experiment to simulate meteorite impacts on Earth using different materials like flour and sugar in containers. They dropped objects like ping pong balls from varying heights to represent meteorites and measured the width and depth of resulting craters. Larger meteorite sizes and higher drop heights created wider and deeper craters. Their results showed meteorite impacts can vary in scale depending on the meteorite's composition and size. The document discusses detecting potential threats from asteroids and meteorites through satellite monitoring and proposes building a "space shield" of telescopes to help protect Earth.