Caspian comments on The many faces of status - Less Wrong
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Johnstone portrayed of status as being zero sum, but it wasn't a zero-sum game where each person always tried to maximise their status. Sometimes they'd lower it deliberately. And since he wasn't using it in the self-esteem sense, they might even be having fun while lowering it. So I think it could be a positive sum game in terms of utility while being zero sum in terms of (this type of) status.
This is an interesting subject for me as I kind of enjoy playful teasing but don't feel like I've really got the hang of doing it myself. Sometimes I manage it and then I'm half-surprised I managed it without upsetting the other person.
But it makes sense since this type of conversational status isn't the same as the status people get most worried about.