Another, which I remember my much older sister perpetrating against me, was the Cheese Trick.
You'd hold out one hand, open palm upwards, and place the other hand as a fist on the wrist end of it.
This arrangement was brought to the victim's eye level and the words 'Smell cheese!' were spoken.
When the dupe pretended to sniff, you'd punch their nose with the fist.
Sis did this to me when I was about 7, so she'd be 13, and the pain made my eyes water.

Still not forgiven.
I did of course play it on other kids but was careful not to actually punch them.
The idea was probably to make them jump and that was funnier anyway.