We present a QCD-like composite model in which quarks, leptons and technifermions are three-body systems made out of three kinds of massless elementary fermions t, c and w, each carrying technicolor, color and weak gauge interactions, respectively. Discrete symmetries, remnants of the U(1)A of the original lagrangian, are responsible for the masslessness of all the quarks and leptons and give the precise meaning of the generations. The model exhibits three generations for both quarks and leptons. Small but non-zero masses of the quarks and leptons are produced by the technicolor condensate of the composite technifermions, which thereby leads to the non-trivial Cabibbo mixing. Proton decays are all forbidden at the mass scale of the QCD-like theory.Present address: Japan Atomic Energy Research Institute, Tokai-mura, Ibaraki 319-11, Japan.