The game is very similar to this except it's impossible to do it all in 90 seconds here.
Rules are simple: starting person makes a scenario and starts a sentence with a letter. The next person starts another sentence with the next letter, the person after that does the same and so on. When we eventually reach the starting letter, the person who hit that letter creates a new scenario, picks a new letter, and it starts over.
Example: (starting letter = B, scenario = the office building's on fire) Person 1: "Bring me this month's financial reports." Person 2: "Can't you see the building's on fire?" Person 3: "Does it matter?" Person 4: "Everyone else is evacuating."
Ok now it starts Scenario = You're on the Titanic when it crashes into the iceberg; Starting letter = J
Obviously we should officially start a new scenario (perhaps 2 loops of the alphabet [about 5 pages] before someone changes the theme, that way it dosen't drag out like this one did). Next person can start it with P. The scenario is: We're all on the first commercial flight to the moon when something goes wrong when we get into space.