This conversation has been merged. Please reference the main conversation: Photoshop: More color and custom labels for layers
Something like this:
Of course, you could also just make a legend on the document itself, but that's extra work. You could make a smart object for it that you can paste into documents, but the meanings of these colors might change from project-to-project, document-to-document. Having a more permanent and integrated solution would be better in this regard.
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