Yes! It was just like this only the handles were just single METAL BARS.It was like a maypole and went round and round while you clung on for dear life.
I was looking for a picture and came across this . It is basically what I am remembering but the things to hold on to weren't that fancy - I just remember them being like short bars with the chain connected in the middle and you grabbed on to the bar on either side of the chain.
I never thought about this before - but I am short - always have been for my age - so my legs were never on the ground - I would just be flying around in the air - but bigger kids must have been touching the ground to make it go around.
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I don't know what was more dangerous, when the thing was loaded and you couldn't keep up.. or just a couple of ya trying to get it going and the empty chains flying around threatening to take your head off.