I think so. You're saying that your buddies are putting you up on a golden pedastol that you feel you don't belong on. I've been there. My one friend kinda latched on to me about a year after I started playing. I was still pretty lousy back then, but distorted power chords were enough to make my friend think that I was too a god, and that we should begin touring immediately. (He copped out and wanted to be the singer...bad...bad singer)

At any rate, just try leveling with your friend. Tell him that he's got you twisted, and that you'd be happy to show him what you know, but that you don't have all the answers, and that you feel you've still got a lot to learn too.