\documentclass{article}

\typein[\option]{Which Driver Option?^^J%
ref0^^J%
ref1^^J%
ref2^^J%
ref2b^^J%
ref3^^J%
dvips^^J%
monochrome^^J%
literalPS}

\usepackage[\option]{color}

\definecolor{myorange}{cmyk}{0, 0.6, 0.8, 0}

\definecolor{myred}{named}{Red}
\definecolor{myblack}{named}{Black}


\makeatletter
\def\@oddhead{black \c red\hfill}
\let\@evenhead\@oddhead
\textheight=2in
\makeatother

%
% uncomment this line to break these styles.
%
%  \dimen\footins=2\baselineskip 
%
%
%


\begin{document}



%\pagecolor[rgb]{1, 1, 0}

\def\c{\color{myred}}
\def\b{\color{myblack}}

black {\c red} black

\begin{description}
\item[black1] {\c red}
\item[black2] {\c red2}
\end{description}

{\c

\begin{description}
\item[red1] red \b black
\item[black2] {\c red2}
\end{description}
}

\newsavebox\x

\sbox{\x}{black-boxed \c red-boxed}

black \usebox\x\ black

{\c red \usebox\x\ red 
 (not red with ref3, but corrected with genericPS.)}


black \marginpar{black-margin \c red-margin} black

{\c red \marginpar{red-margin \b black-margin} red}

\begin{figure}[t]
black-figure 
\c
red-figure
\caption{fig}
\end{figure}

black (but not with ref3 or genericPS)

{\c
\begin{figure}[t]
red-figure
\caption{fig}
\end{figure}

red}

black

black \underbar{\c red} black

\c
red

red

red

red

red\footnote
  { black-footnote black-footnote black-footnote black-footnote black-footnote

    \c 
    red footnote red footnote red footnote red footnote red footnote

    red footnote red footnote red footnote red footnote red footnote}

red

\b

black

black

black

black

black

The driver option ref3 will get incorrect colours in the following list,
but the the genericPS option does get the correct colours.
\begin{enumerate}
\item \textcolor[rgb]{0, 1, 0}{green rgb} black
\item \color[gray]{0.8} \textcolor[named]{Blue}{Blue text} grey text
\end{enumerate}

some {\color[named]{Red} Red} and 
some {\color{myorange} my orange} 

Now a coloured box---\colorbox[rgb]{1,.8,.8}{light red background}---

{\fboxsep=5pt
Now a coloured box---\colorbox[rgb]{1,.8,.8}{light red background}---}

{\fboxrule=1pt
Now a coloured box---\fcolorbox[rgb]{1,0,0}{1, .8, .8}
     {red border, light red background}---}
\end{document}