Status: Explained — U.S. Air Force reports in the 1990s concluded the debris came from Project Mogul, a classified balloon program. Some researchers dispute this.

Credit: Fort Worth Star-Telegram (1947), UT Arlington Library collection · Licence: Public domain (per Wikimedia Commons) · Source
In early July 1947, a rancher near Roswell, New Mexico reported unusual wreckage on his property. Personnel from Roswell Army Air Field collected it, and on July 8 the base press office announced that the military had recovered a “flying disc.” The story made international headlines.
Within a day the Army reversed itself. At a press conference in Fort Worth, Brig. Gen. Roger Ramey and others identified the debris as a weather balloon and radar target, and photographs of the material were published. The rancher told a local paper it consisted of rubber strips, tinfoil, paper, tape and sticks.
The episode faded until 1978, when retired officer Jesse Marcel said the weather-balloon explanation had been a cover story. That claim grew into the modern Roswell legend. In the 1990s the U.S. Air Force published reports concluding the debris came from Project Mogul, a top-secret program that flew long balloon trains carrying equipment to detect Soviet nuclear tests. The original press release did not mention that program.
The Air Force explanation is the one supported by the documented record, though many UFO proponents reject it. Roswell now hosts a UFO museum.
Sources: Wikipedia: Roswell incident
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