We've played with a color wheel before, and it was enough fun that when Sharli was trying to learn her colors we decided to give it another try. With 3 kids all joining the fun the papers only lasted an hour or two, but they still had a great time.
I gather up a basket full of items from around the house and let Sharli match the items to the corresponding piece of paper. Maren just wanted to be sitting in the middle of whatever was going on.
For more ways to have fun with nothing more than a few pieces of construction paper and some masking tape, visit my original post on this activity here.