Password FROM THE BOX: Million Dollar Password is based on the addictive game show where quick minds and clear clues could unlock a million dollar prize! The game is played between two competing teams in a deceptively simple word guessing game. Clever communication is the key as Password players must rely on one-word clues to guess the secret word. Played just like the TV game show, Million Dollar Password is a modern twist on the original word association classic! brought into the 21st Century, both on television and as a home game, by being composed of nothing but Lightning Rounds. Mm-hm. Two teams of two players play four rounds. Each round consists of each team getting 30 seconds (measured by an electronic timer that plays the think music from the series) to score as many of the five passwords as possible. The team that scores the most points then plays a bonus round where the object is to get five words out of a specific number within the time limit. This part has six tiers, each worth a different amount of money, with Tier 1 having ten words and Tier 6 having just five. Winning all six awards $1,000,000. There is a variation for three players, with one player giving the clues for the other two. Games with five or more players can be done as a tournament. The show itself aired on CBS, hosted by Regis Philbin, from 2008 until 2009.