Please note: there are some great variations, like "It was awesome until it sucked." For instance, my coworker told the story of how he once made out with a 'hot chick' on a dock but soon she realized she was 'too hot' for him and then it sucked.
We also play the "Remember that time..." game a lot among my group of friends, I think because it heightens a sense of bond between those who remember.
So let's try some, shall we? Be warned, you'll start to categorize everything.
Remember that time...
You burnt your tongue? That sucked.
You graduated? That was awesome.
The person who was mean to you in grade school got fat? Awesome.
TheFacebook first launched? Awesome, too.
Half the company got laid-off? Twice? Yea, that sucked.
When you lose one earring? That more than sucks. It's the worst.
Everybody moves away after college graduation? It sucked and nobody warned you.
You went driving with the music up and the windows down? That was particularly awesome. Somebody brought Airheads in for a grade school birthday? Awesome delicious. (Perfect example, because now, airheads suck.)
She told you you are 'too nice?' That's a no-win. Sucks for everybody.
Try it. The game's pretty universal and hours of entertainment. Leave me your best one in the comments. I'm keeping a running list so I can throw some more at you later.
*Ferris Wheels: Awesome until you realize they suck.