Yes, that's the one.
Whenever I have come across it, it would be in a room or pub full of people. One person would stand on a chair and sing until they got to "You and I". They would then point to another person, while repeating "You and I", until that person stood on a chair and the song would be repeated with them both pointing to a victim. This would be repeated until everyone was standing on a chair - even those who obviously didn't want to join in were forced to, by being pointed at and harangued by the whole crowd, who would not stop until they triumphed.