I actually wanted to delete this snippet, but I guess since people still use this, I think I will probably make it better, but only with the use with .txt files and the mIRC built-in userlist. :\
And specifically, Xpl0reR, do you mean disable colors all together? I was thinking if the channel has mode +c in it, it'll strip it.
Here's the link to the quote system that uses hashes instead of .txt's.