Since the original poster mentioned Cinderella, when I was a child, we used to do a chant while jumping rope that went "Cinderella, dressed in yella, went downtown to catch a fella" with the subsequent verses improvised by the kid shouting it out.

Anyway, as far as songs with colors in the title, I don't think anybody has mentioned "Blue Suede Shoes" ... "Crimson and Clover" ... "Green Tambourine" ... "Purple Haze" ... or "Sweet Georgia Brown" (Harlem Globetrotters classic theme song).