Rainbows are wonderful things.
A rainbow spans a continuous spectrum of colours. Traditionally, however, the sequence is quantised. The most commonly cited and remembered sequence, in English, is Newton's sevenfold red, orange, yellow, green, blue, indigo and violet. "Roy G. Biv" and "Richard Of York Gave Battle In Vain" are popular mnemonics.
Rainbows can be caused by other forms of water than rain, including mist, spray, and dew.
