Childlore is folklore passed directly between children, without the input of adults.
https://en.wikipedia.org/wiki/Childlore
Stuff I can think of off the top of my head are paper fortune tellers, summoning Bloody Mary/the candyman, the cool S, parody songs like “Jingle bells Batman Smells” and “Joy to the world, the teacher’s dead” etc.
This stuff has intrigued me since, well since I was a kid. I always wondered where they came from. I never saw adults doing that stuff, so I figured another kid had to have come up with it.
Occam’s razor probably points to having access to graph paper in school and connecting corners.
Why an S?
That all has to do with Cthulu as S is widely known as his favorite letter.