RAILLERY
banter, raillery, give-and-take, backchat
(noun) light teasing repartee
Source: WordNet® 3.1
Etymology
Noun
raillery (countable and uncountable, plural railleries)
Good-natured ridicule, jest or banter.
Source: Wiktionary
Rail"ler*y, n. Etym: [F. raillerie, fr. railler. See Rail to scoff.]
Definition: Pleasantry or slight satire; banter; jesting language;
satirical merriment.
Let raillery be without malice or heat. B. Jonson.
Studies employed on low objects; the very naming of them is
sufficient to turn them into raillery. Addison.
Source: Webster’s Unabridged Dictionary 1913 Edition