Nice suggestion. Although I can't seem where one would have to look for those "pretty colours" you mentioned, I certainly can't see any of them on my Mac terminal...
"-Weverything" if the code is compiling perfectly, but you're just bored. If you're not a complete masochist try turning off some of the sillier ones (-Wno-padded -Wno-unused-parameter -Wno-conversion)
For learning, you could also add -ansi, as it will make your compiler be stricter about standards.