Straight Python port of the Ruby version at https://github.com/busyloop/lolcat/ but with 100% more fun, because, hey, it’s not Ruby. There are no external dependencies..
It's a tool like cat, with added lulz.
To install the stable version:
$ pip install lolcat
To install the development version:
$ pip install git+https://github.com/tehmaze/lolcat.git
Check out the ASCII cast at https://asciinema.org/a/1563
Send a PR.