Red - Help Switch (Monita Menu) Yellow - ? Switch (Activates ? Blocks off and on) Green - Time Switch(Day/Evening/Night) Blue - Merry-Go-Round Switch (Like Socran said, it makes things hover and circle around) White - Party Switch (Confetti) Purple - Mega Switch (Makes your mii huge and allows to to walk around making everything you run over disappear for a few seconds. Miis just move aside.)
The names are just what I call them. These are just the ones I currently have. Maybe there's more.
Prior GFAQs name: AngelTails http://i41.tinypic.com/25qvqfd.png - Thanks to Mew_ on Serebii Forums
I have one (at school now, so I cant remember the color) that shoots an "elemental" ball into the air... sometimes it is electric, sometimes it is fire... but it just makes a big ball that floats up a bit and bursts. It might be purple??