We hold these every morning at 10:30am as it's a time when everyone can get into the office. Three questions are asked of each developer:
The answers to these three questions provide a snappy status update for the entire team. In particular, the second question is a direct request me me to do something.
To keep the meetings short there is supposed to be no additional discussion beyond the three questions. If needed then it should be scheduled directly after the meeting. However our meetings have recently begun to drag on as I found the "after meeting" gatherings weren't happening and I let the discussion happen in-line for fear of it never happening (a self fulfilling prophesy?).
The side affect of this is to subject everyone to a level of detail that may not be relevant to them, wasting time and boring them. So today I've asked everyone to answer their questions in 2 minutes. The benefit of a short meeting is obvious but in addition it gives people practise at concise communication.
Hopefully this should work, but if not then I'll resort to a trick I used at Sony - a two minute egg timer. Once the time runs out you have to shut up. If you have more to say then you have to e-mail everyone.
A note for self though - I must ensure the post meetings happen.
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Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.