Since so many of my friends like to have perfect vanities, such as player colors, I made a script (For Cheat Engine) that allows you to edit your players Hair & Player Style along with the ability to change the color on all possible body parts including eyes. This is 100% live edits IN-GAME so you can have some serious fun! (This is a good way to change colors on existing players). This should work on all versions 1.2.2.0+. If I'm missing something you want just let me know!
How To Use:
Drag Script Into CE.
Click The My Player Record.
Toggle The Records You Want.
Double Click The Value To Edit Them.
About:
For the colors, Terraria uses a 8 digit hex color (I assume transparency was only used for the hair then abandoned) value for there color system. This means you will want to use this site https://colorizer.org/ to select your color. Pick a color > More Conversions > Un -Check Signed Integer > ABGR (These numbers are your color!). I have gone ahead and added the entire color wheel (Main & Secondary) in a drop-down list. Enjoy guys. PS: Hairstyles# -1.