The participants of this conversation are three three-year-old boys. Names are unnecessary. They are arranging their hockey game.
"You're the green team and I'm the black team, and you're the red team."
"No, I'm the red team."
"I'm the yellow team and you're the blue team."
"He's the blue team?"
"And you're the grey team."
"No, he's the green team."
"And I'm the yellow team!"
"Yes! And I'm the blue."
"And he's the red."
Thus the game commences. Glad we got that sorted out!