Yes, and that really isn't weird.
A Half-Green Dragon Red Dragon is a dragon with a green dragon mummy and a red dragon daddy, aka, two dragon parents, just of different hues. A bit stronger than your average specimen ('hybrid vigour'), a bit tougher, a bit higher in CR, has two different breath weapons. Not objectionable in the slightest compared to a werehyena stone giant with grafted mohrg flesh, or a Half-Celestial Illithid.
It's possible to do stupid things with nearly any of the rules in the game. That's why human intelligence and judgement is meant to be applied to the game by the players.
That said, in a game which has literal wizards who do random crossbreeding experiments all the time because apparently magic makes you go mad and live in a tower, I can't really think of any weird combination that shouldn't come up in some recondite sense.
Yes, even half-mummy. Even Exalted Saint Salt Creature Half-Mummies. That guy.. he just lived a really, really, really interesting life.