Game historian Stu Horvath uses the example "tell us the story of the time you fed the entire city of Luxembourg with bacon from a single pig.

"[3] The storyteller then creates a five-minute narrative larded with highly far-fetched, implausible and difficult to believe events, finishing the story with a vow of truthfulness.

[3] During this storytelling, another player can add further complications by placing one of their coins in the center of the table and offering a suggestion to take the story in a new direction.

[6] In 2016, Fantasy Flight Games released a new, third edition of the book in full color and with all-new artwork.

[7] ISBN 978-1-63344-280-1 The reviewer from the online second volume of Pyramid stated that "I should tell you up front that this role-playing game sort of isn't.

At least one, that of a gentleman [...] of the eighteenth century telling tall stories to his peers, among whom is (in spirit if not flesh) the Baron Munchausen.

"[8] In his 2023 book Monsters, Aliens, and Holes in the Ground, RPG historian Stu Horvath noted that this game was possibly "the most minimal set of rules to see release" up that point in time, but pointed out "While it is a fairly simple game, Munchausen demands much of its players for all its simplicity.

Horvath warned, "a sort of paralysis can set in, or worse, apathy, both of which are more likely the responses of players with long histories of traditional role-playing."