That concept has been brought to life quite a few times over the years, with five different iterations of Chain Reaction airing across NBC (1980), USA (1986-1991), and Game Show Network (2006-07 ...
The game is simple: you tune in at a specific time and try to answer 12 questions to win ... and "You Bet Your Life" with Groucho Marx is the best game show of all time, in my opinion.