Calendar Color Labels

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Google Calendar offers the ability to color events on the a calendar. However, it is often hard to remember which color is used for which events type. This extension adds a configurable set of labels that can be used to add meaning to event colors. The label will be displayed as a hint when you hover over the color when setting it. You can also set the color names themselves with is useful for using Google Calendar with languages other than English (which is the default).

Screenshots from Chrome Web Store