Text (UG+errata): Destroy target card that does not share a color with clothing worn by its controller. You cannot choose an artifact or land card. [Oracle 2009/07/08]
Color matching is defined broadly. Shades of red, such as pink, scarlet, or crimson, count as red. Colors with a red component, such as orange or purple, do not. [QAS 1998/09/09]
Your opponent must prove that you've picked an illegal target. Even if that means showing your red underwear. [QAS 1998/09/09]
You can put on clothing at faster-than-mana ability speed. [QAS 1998/09/09]
Clothing is defined as any item made of cloth or like material. Shirts, pants, socks, shoes, and hats are acceptable. Watches, jewelry, and glasses are not. [QAS 1998/09/09]
It is legal to xxxxLace items of your clothing, in order to change their colors. [Barclay 1998/08/13]
This card is very unlikely to be able to target a blue or black card at most Magic tournaments. [Barclay 1998/08/13]
You can sometimes find Prismatic Wards in the Prismatic Wardrobe. [Barclay 1998/08/13]
All tournament formats have banned cards from Unglued.