You could make such a thread. I've seen a few red team/blue team games around. I think the 0-20 game started as one.
But this thread was never really used to its full potential, anyway. The thread from getdare that inspired this one ("The girls are always right and they are in charge") had the girls setting all kinds of weird history and rules. PrettyFace's essay on how a T-rex won WW2 and NeedyBastard's essay on alien cyborg ninjas were of particular entertainment value, for instance. Shame I can't show you anymore.
Then a couple times, the boys wanted control for a day (ended up dividing the thread) and at that time the idea for this thread was born in my mind. But what I noticed ever since day 1 is that when organizing such a thread, even the first weeks, when more girls did play (and were in control) the playing took up most of the time and there wasn't anything done with the power gained. Bastard utilized it a few times and we have a humiliating image on the first page now, but nobody is making people walk through doors backwards or writing how in October during the 2 minutes that Christmas lasts, 7 very distinct Santa's come together to form one big super Santa...
So as far as I'm concerned this thread is another one for the "fun idea, didn't work" heap. It happens.