Yeah.

As I remember it (and this was decades ago): Two teams, opposite ends of a large field. Each end gets a "flag". (We used t-shirts.) In our case, we split the field in half — our field happened to have a natural feature (a change in elevation, so like two separately flat areas separated by an incline) that worked well for this. If you were tackled¹ in the enemy's side, you were "captured", and "jailed". An uncaptured player could spring the jail by tagging those within it. Returning to your flag with the opposing team's flag was a win.

We played at night, so stealth was a large part of the game, but it was also fair to illuminate the area around the flag. (Which made approaching a guarded flag … tricky.)

I'm sure there's probably a million variations on the specifics.

¹…flag football flags would probably work nicely for this.