Check out this link to see beautiful iridescent colour changing Spandex. My dreams realised! I have been talking to a friend who works in the field of advanced materials research about this idea for a while. He agreed it is possible but would be costly. I keep my eye on latest research and finally it had been done. Without further ado check it out for yourself. .
I am working on a way to lobby a company to get this commercially available
http://www.np.phy.cam.ac.uk/research-themes/polymer-opal-videos