The present paper is a study of narrative and its relation to the construction of conflicting identities in interaction. The paper is concerned with a group of young Greeks who categorise themselves as members of a particular subculture, but also construct a number of other, often conflicting, identities through the stories they tell in the course of their conversations with two researchers. By focusing on the many narratives these people volunteer to recount to the researchers, the paper aims to delve into narrative positioning and its relation to the plurality of emerging identities in the specific encounters. Particular emphasis is placed on the young people's attempt to delegitimate established figures of power and authority in order to legitimate their own group and present a positive image of themselves. By providing a detailed discussion of identities as constructed in situated discourse, the paper also aims to stress the dynamics of identity construction in context.