Tint whipped topping. Prepare one decorating bag with tip 1M and ¾ cup whipped topping. Set aside in refrigerator for later use.
Divide remaining whipped topping into 5 equal portions. Combine Pink and Sky Blue icing colors to get pink color shown. Combine Orange, Red-Red and Ivory icing colors to get orange color shown. Combine Royal Blue, Sky Blue and Ivory icing colors to get blue color shown. Combine Kelly Green and Royal Blue icing colors to get green color shown. Combine Violet and Royal Blue icing colors to get purple color shown. Using color combinations provided, tint one portion each pink, orange, blue, green and purple, being careful not to overmix whipped topping.