Feaure request - Custom color palette

[conpatricko]

I would love to be able to create a custom color palette and maybe even label certain colors (example: purple could be labelled as "Video Projects" so I can remember when I am applying this to folders in the future). You could even have this label apply to the folder as a "tag" in Finder as an option, so you could kill 2 birds with one stone while you are customizing your folders.

It would also be nice to be able to apply a design to all subfolders within a selected folder.