Step #1
Making your name colorful, you have to change your name, so i will show you that now. Press Shift + Tab then goto view all friends, your name will be on the top, click the little white arrow next to your name and click change profile name.

Step #2
Now once your on that option you just want to type before your name ^1 or any number, you can also change colors inbetween you name like this ^3Thank^5You, see? Here are all the color codes:
^1: Red
^2: Lime Green
^3: Yellow
^4: Blue
^5: Cyan
^6: Purple
^7: White
^8: Black
^9: Black
^0: Black

Hope all you guys enjoy this guide!! Byyeeeeeeeeeee!