BWAHAHAHAHAHAHAHA
tag for the answer

The color codes are:
^1 = red
^2 = green
^3 = yellow
^4 = blue
^5 = light blue
^6 = purple
^7 = white
^8 is a color that changes depending what level you are on.
American maps = Dark Green
Russian maps = Dark red/marroon
British maps = Dark Blue
^9 = grey
^0 = black (You must type two ^^0 to type in black, not one carrot)



looks like this  

^3gomer^5pyle

gomer would be yellow and pyle would be light blue

But only works after you've reached level 55 at least once...