Rules of play: The kid who has the ball (or stick, or balled up shirt, or whatever object is used) is "it" and therefore the "carrier". The rest of the kids chase the "it" kid down until they are tackled (usually in a dog pile fashion). They then toss the object away where the other kids gather around it and wait to see who has the guts to pick it up and start running. The game is usually played within an agreed to bounds, usually one persons yard. This prevents the game from becoming a foot race. There are no scores and no one "wins". It is a childhood game of bravado designed to blow off energy.
This is the same game as smear the queer