There are a variety of ways to configure a comet sling.
Low energy — Traditional braided rope (ie. ≥ 2.0mm thick). Thick rope has high aerodynamic resistance, which limits sling length, and thus projectile weight.
Medium energy — Monofilament fishing line, ≤ 40lb test.
High energy — Braided Dyneema/Spectra fishing line, ≥ 60lb test.
Medium energy — A constrictor knot. For backup, tie a smaller constrictor knot, tied around a very short piece of rope.
High energy — Two parts: 1) A short piece of paracord, attached to the soup can with a constrictor knot + figure-eight backup, 2) fishing line spliced into the thicker rope.
The paracord serves the same purpose as a wire rope thimble — it's a way to make the termination point stronger.
Medium energy — Wear leather gloves, and snake the line around your fingers a few times. If a release knot is needed, use a constrictor knot around a very short piece of rope.
High energy — A wooden-dowel handle, with a friction clutch release mechanism. (TODO: explain this in more detail)