Sir Linkalot: "Little Ted Talks" - Ted spells colour

What does the speaker refer to when mentioning 'this crazy monkey'?

What is the overall tone of the conversation regarding the crazy monkey?

What letters can be seen on the crazy monkey's face that are in the word 'colour'?

What is the significance of the phrase 'COLOUCOLO' in the context of the conversation?

How does the speaker confirm the presence of something in the conversation?