The y method is a handy way to get some pretty YAML output.
y ProductColor.all
Assuming you are in script/console
As jordanpg commented, this answer is outdated. For Rails 3.2+ you need to execute the following code before you can get the y method to work:
YAML::ENGINE.yamler="syck"
From ruby-docs
In older Ruby versions, ie. <= 1.9, Syck is still provided, however it
was completely removed with the release of Ruby 2.0.0.
For rails 4/ruby 2 you could use just
puts object.to_yaml