I know next to nothing about the Padstow 'Obby 'Oss.
It seems that on May Day, there have two be TWO of them.
One has blue ribbons and is the Blue 'Oss;
the other has red ribbons and is the Red 'Oss.

So don't mix up the ribbons...
otherwise it's

I never saw a Purple 'Oss,
I never 'ope to see one ...