Clear Photoshop's Swatch Palette

Categories: design

The Photoshop swatch palette Everybody wants a rainbow, apparently.

Whether you're trying to save a specific set of colors for later use, or simply want a palette with only your colors on it, you'll likely have encountered a problem that has been plaguing Photoshop for as long as I remember, and still hasn't been addressed in CS5 (or CS5.5, that I know of): how do you clear the swatch palette?