Take turn stories are where one person starts a story and then stops at an interesting point.  The next person in the "circle" picks up where the first person left off and so on until everyone has a predetermined number of turns (I always make sure Daddy starts the story and I end it to make sure it has a logical start and finish to it).  Kaitlyn always makes sure there is a princess or two thrown in and Tasha always makes sure there's some sort of handsome boy -- oddly enough the princess usually has to rescue the boy instead of the other way around *grin*