Office Olympics

With companies trying all kinds of tactics, events, and promotional items to increase loyalty, team spirit and so on. Has anyone ever considered holding an office olympics? Think about what the events could be. There could be office chair races, a staple the paper event, shooting paper clips event. There could be a paper football or paper airplane event etc. These could revolve around regular office tasks. Different departments could be the teams, you could even set up competition between your competitors. This was just a thought I had as a different way to bring some creativity and life into what is normally a mundane environment for many of us.