I agree completely with samuel. If you put the dedication and care into colorization that you would into creating your own film- which is essentially what you're doing- it can be done well. That's not usually the case, though, so I wish they'd stop doing it.
I think this would be totally cute on a bracelet (my ID/allergy alert bracelet as a kid was ugly). As long as the name isn't prominently displayed, like it would be on a hat or shirt, I don't think it runs much of a risk of helping out an abductor.
Then we cry together for about nine hours and discuss wedding plans.
Also, a cotton gin? Really? Are VHS tapes that antique?! :( Sad day.