This has been around a while, but it's still great.
1) pick a number from 1-9
2) subtract 5
3) multiply by 3
4) square the number (multiply by the same number)
5) Add the digits until you get only one digit. (This can be one or more steps) (i.e. 64>>6+4=10 and then 10 >>1+0=1)
6) if the number is less than 5, add five. Otherwise subtract 4.
7) multiply by 2
8) subtract 6
9) Map the digit to a letter in the alphabet (e.g.1=A, 2=B, 3=C, etc...)
10) pick a name of a country that begins with that letter
11) Take the second letter in the country name and think of a animal that begins with that letter
12) Go to the 4th letter in the animal's name and choose a color which starts with that letter
Here it comes, You have either a pink or purple elephant from Denmark