We could add window listener with JavaScript using driver.execute_script to listen to any clicks, and then call function xpath as provided in SO answer to generate Xpath of an element. As a gist, below is the window.addEventListener script which handles any click event by displaying an alert with the clicked element text (if present) and its Xpath:
window.addEventListener('click', function(event) {alert(event.target.text+'=>'+xpath(event.target));})
And here is the relevant code to launch the browser, execute the script and sleep for 20 seconds to allow interaction on the browser:
def launch_url(url):
    driver = webdriver.Chrome('./chromedriver')
    driver.get(url)
    driver.execute_script('''
        function xpath(el) { 
            if (typeof el == 'string') return document.evaluate(el, document, null, 0, null); 
            if (!el || el.nodeType != 1) return ''; 
            if (el.id) return '//*[@id="' + el.id + '"'; 
            var sames = [].filter.call(el.parentNode.children, function (x) { return x.tagName == el.tagName }); 
            return xpath(el.parentNode) + '/' + el.tagName.toLowerCase() + (sames.length > 1 ? '['+([].indexOf.call(sames, el)+1)+']' : '')
        } 
        window.addEventListener('click', function(event) {alert(event.target.id+'=>'+xpath(event.target));})
    ''')
    time.sleep(20)
As a test, launched the SO main questions page with  launch_url("https://stackoverflow.com/questions") and clicked on the "Ask Question" button:
