Super Soakers have used a very vibrant color scheme in the past. However, new 2011 blasters feature a more basic dark blue, white, and orange color scheme. Every year since the late 1990's, the color scheme on the blasters and packaging would alternate depending on the year.
It was invented by Lonnie Johnson in 1984, who brought the idea to Larami in 1989, which they formed into a brand. Initially known as Power Drencher, it was renamed to Super Soaker and Power Soaker (depending on the model) in 1990. It was owned by them for twenty years.
Hasbro bought and took over the Super Soaker brand in 2002. The Super Soaker brand merged into the Nerf brand in 2010 to become Nerf Super Soaker, which it is currently marketed as.