Code-switching is a widespread practice among the world’s multilingual majority, yet few benchmarks accurately reflect its complexity in everyday communication. We present PINGPONG, a benchmark for natural multi-party code-switching dialogues covering five language-combination variations, some of which are trilingual. Our dataset consists of human-authored conversations among 2 to 4 participants covering authentic, multi-threaded structures where replies frequently reference much earlier points in the dialogue. We demonstrate that our data is significantly more natural and structurally diverse than machine-generated alternatives, offering greater variation in message length, speaker dominance, and reply distance. Based on these dialogues, we define three downstream tasks: Question Answering, Dialogue Summarization, and Topic Classification. Evaluations of several state-of-the-art language models on PINGPONG reveal that performance remains limited on code-switched inputs, underscoring the urgent need for more robust NLP systems capable of addressing the intricacies of real-world multilingual discourse.