The metaphor of a surface (typically a pool table or a trampoline) distorted by a massive object is commonly used as a metaphor for illustrating gravitationally induced space-time curvature. But as has been pointed out here and elsewhere, this explanation seems (to a layman like me, at least), to be "hopelessly circular", and in the end contributes little to an understanding of how modern theories of gravitation work.
Are there other (or additional) metaphors that might be helpful in illustrating to lay readers (a) what motivates modern gravitational theory and (b) why it has greater explanatory power than Newtonian gravitation?
The best way to understand curved space-time is Einstein's way in 1907. Imagine all of space is filled with clocks which are held in place, but they need tick at different rates in order to stay simultaneous with each other. Near a massive object, the clocks tick slowly, away from masses, they tick faster.
Particles travel through space so that they locally take the path of maximum time between fixed endpoints, so that between endpoints which are close to a massive object, their path curves out a little, meaning that they are bent toward the massive object.
This is a statement of the Einstein 1907 theory of gravity, which he knew then would be the weak field, slow velocity approximation to Genera Relativity. It is counterintuitive for a few reasons:
I don't believe that there are two pictures of a phenomenon, one appropriate for laymen and a separate one for physicists. A correct picture is a correct picture, and is useful for both, and a misleading picture is misleading for both. This picture is used by all General Relativists when they are thinking about the weak field limit.
Two dimensional relativistic gravity
For the two dimensional gravity, with point masses, there is a nice description which can be understood immediately. Two dimensional point masses are parallel strings moving perpendicular to the direction of motion in $3d$ plus time, but these strings are like pencils of light, not stationary line-masses, they are relativistic along their direction of motion. You need to have a relativistic momentum density on the strings for them to reduce to the simple limit of 2+1 gravity.
In this limit, the strings are described by 2+1 gravity. The point masses in 2+1 gravity are described by cutting out a wedge from a two dimensional paper representing space-time, and gluing it back to form a cone. This description is exact--- this is what the space-time around a relativistic cosmic strings looks like. The space is called locally flat, because if you draw a least distance line it will be straight after unrolling the paper, so that the only curvature is that which can be seen from outside, not to a flat fellow living inside the paper. There is only intrinsic curvature at the tip of the cone, proportional to the deficit angle, the angular size of the wedge. This is is the mass of the string.
If you imagine a particle coming in from infinity, it travels in a straight line along the cone, but it comes out deflected in a certain way. This is easiest to see by taking two parallel lines coming in on opposite sides of the cone point--- they will intersect each other.
If you make a double-cone by cutting out two wedges, to make a slushie-shape after gluing. The paper is still locally flat, but if you draw two straight lines, the line passing between the cones will intersect the other lines. A collection of $n$ stationary cone points describes an equilibrium stationary configuration of $2d$ gravity.
If you set the cone points in motion, and add some points with negative curvature which evolve in a specific way (their curvature in the $3d$ sense is still zero) you get t'Hooft's description of 2+1 gravity, which is an active research subject today.