Error retrieving parent for item: No resource found that matches the given name ‘android:TextAppearance.Material.Widget.Button.Borderless.Colored’

Your compile SDK version must match the support library. so do one of the following:

1.In your Build.gradle change

compile 'com.android.support:appcompat-v7:23.0.1'

2.Or change:

compileSdkVersion 23
buildToolsVersion "23.0.2"

to

compileSdkVersion 25
buildToolsVersion "25.0.2"

As you are using : compile 'com.android.support:appcompat-v7:25.3.1'

i would recommend to use the 2nd method as it is using the latest sdk – so you can able to utilize the new functionality of the latest sdk.

Latest Example of build.gradle with build tools 27.0.2 — Source

apply plugin: 'com.android.application'

android {
    compileSdkVersion 27
    buildToolsVersion "27.0.2"
    defaultConfig {
        applicationId "your_applicationID"
        minSdkVersion 15
        targetSdkVersion 27
        versionCode 1
        versionName "1.0"
        testInstrumentationRunner "android.support.test.runner.AndroidJUnitRunner"
    }
    buildTypes {
        release {
            minifyEnabled false
            proguardFiles getDefaultProguardFile('proguard-android.txt'), 'proguard-rules.pro'
        }
    }
}

dependencies {
    compile fileTree(dir: 'libs', include: ['*.jar'])
    androidTestCompile('com.android.support.test.espresso:espresso-core:2.2.2', {
        exclude group: 'com.android.support', module: 'support-annotations'
    })
    compile 'com.android.support:appcompat-v7:27.0.2'
    compile 'com.android.support:design:27.0.2'
    testCompile 'junit:junit:4.12'
}

If you face problem during updating the version like:

Go through this Answer for easy upgradation using Google Maven Repository

EDIT

if you are using Facebook Account Kit

don’t use: compile 'com.facebook.android:account-kit-sdk:4.+'

instead use a specific version like:

compile 'com.facebook.android:account-kit-sdk:4.12.0'

there is a problem with the latest version in account kit with sdk 23

EDIT

For Facebook Android Sdk

in your build.gradle instead of:

compile 'com.facebook.android:facebook-android-sdk: 4.+'

use a specific version:

compile 'com.facebook.android:facebook-android-sdk:4.18.0'

there is a problem with the latest version in Facebook sdk with Android sdk version 23.