I keep trying to shoot out rockets with my rocket launcher but it doesn’t work. I think something is wrong with the script.
Lets take a look at your script. Some can just look at it and tell you whats wrong. 
Most people forget to put the line in to ignore collision with there player.
The FPS demo has a real good rocket launcher code and cool rocket explosions as well. 8)
Well this is the script.
315269–11128–$rocketlauncher_129.js (853 Bytes)
And this is the other one.
315271–11129–$rocket_189.js (983 Bytes)