Honest to god I can’t understand anything any of them say.

It’s two gay guys using hockey terms to catcall the two presumably straight hockey players (riley and jonesy) who then counter by being comfortable enough to accept the compliments. The conversation then continues along to describe different words and terms for a variety of queer folk as if said words were also hockey players. So when they say a word got cut it’s merely a euphanism for people agreeing not to use that term. The whole scene is two (presumably straight) men being educated gently on the subject by two gay men and listening rather than bickering.

this dialogue is like something out of a greek drama it’s both downright melodic and utterly incomprehensible

Letterkenny is 100% the inheritor of Shakespeare’s legacy.