Saving and naming a color palette?

Is there a way to save and name a color palette?
I see that there's "Add Preset" in the color menu drop down. How would I add a new preset to the menu?
I see that there's "Add Preset" in the color menu drop down. How would I add a new preset to the menu?
Thanks. It's an awesome tool and I'm looking forward to playing around with it more!
Comments
Have fun playing around! ;-)