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[[{{{1}}}|{{{1}}}]]

Main Page. Though you shouldn't falsely use the template as just shown, its implication is shown: change the link color of a link from the default blue. You can use a color name or a hexademical, but be sure to add a # before the six alphanumeric sequence (or three if there's three pairs, such as C00, used in the example).

Actual code: [[{{{1}}}|<span style="color:{{{2}}};">{{{1}}}</span>]]

Also see Template:Color-link-piped.