If you are male then yes. Pretty much all male bonding is about temporarily raising or lowering yours or your friends status, then laughing at the absurdity at what you've just done. Male groups typically have a leader (or "alpha") and the rest are equals.

If you are female then there is a harder edge to this game. It's played far more subtly, but the changes in status are real and permanent and no-one's laughing afterwards. Female groups have very strict pecking orders.