Suppose we want to prove $$ k \binom{n}{k} = n \binom{n-1}{k-1}$$
In the LHS we are choosing a team of $k$ players from $n$ players. Then we are choosing a captain. In the RHS we are choosing a captain from the $n$ players. Then we are choosing the remaining $k-1$ players from the $n-1$ players.
Is this a correct interpretation?
Seems right. Interestingly by this method you can prove that the equality extends to the term \begin{equation} {n \choose k-1}\cdot (n-k+1) \end{equation}
by first picking the non-captains, then electing a captain among the rest. Similarly this equals
\begin{equation} {n \choose k}\cdot {k \choose 2} \; \big/ \; \frac{k-1}{2} \end{equation}
because you can first select the team, then pick two candidates to fight each other until K.O. for the captaincy, however you have to compensate for the fact that the winner could have been matched up against anyone, but would have lost half of the time ;)