This phenomenon can be explained, but it is difficult. And people are prone to mystification, if something is difficult to explain. This effect is difficult to reproduce under the conditions of terrestrial gravity, so it was long defined as a disobeying classical mechanics. After some time everything was put in its place. The effect was called "Tennis racket theorem" or "Dzhanibekov effect".
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Thanks! I didn't know about that! And this is actually very cool!
Unfortunately, you are right... :(