Funny, when I first saw it I wasn't sure if my monitor was screwed up, whether someone had defaced HN or if some Chrome plugin was misbehaving. Though I eventually figured it out with the alternating red/green submission colors and HNSearching for "Christmas CSS". I also found out that you could change your topcolor and immediately set it to #000000 so people would stop pestering me when they saw I was reading a hacker website.
I've personally chosen to go for style rather than discretion and set it to #99cc33. It's been almost two years I think now and I really like it this way.
Also, if you want to remove the "Hacker News" text from the topbar and keep the rest of the text readable, it's easy to do with some CSS. For instance in Firefox's userContent.css you can add:
@-moz-document domain(news.ycombinator.com) {
.pagetop b { display: none; }
}
"I also found out that you could change your topcolor and immediately set it to #000000 so people would stop pestering me when they saw I was reading a hacker website."
Once you reach a certain karma threshold, you gain the ability to change the colour of the orange bar at the top of HN pages. The setting is labelled 'topcolor'.
The required karma threshold is not much (500 if I remember), so it may be a way to say "thanks and keep going" to people who start investing some time to participate to HN.
Wow, I'm slow. I assumed the red and green was a new feature that showed whether a story had recently risen (green) or fallen (red) on the front page — so you could better keep track of trends. I didn't notice they were consistently alternating.