1. In a computing system that provides desktop publishing capabilities, a method of utilizing a simple and integrated tool presenting a user with a plurality of formatting options for application of a user selected color set and a user selected font set to an electronic document displayed in a main window of a display connected to the computing system that provides desktop publishing capabilities, the method comprising: (a) displaying, to the user, a live preview interface window that is separate from a main window that displays an electronic document, the live preview window including each of: (i) a plurality of independently selectable color sets selectable through a color set sliding scale user interface control that allows the user to browse through all available color sets; and (ii) a plurality of independently selectable font sets selectable through a font set sliding scale user interface control that allows the user to browse through all available font sets, wherein each of the plurality of font sets are independent from each of the plurality of independently selectable color sets; (b) at the live preview interface window, receiving user selection of: (i) one of the plurality of color sets through the color set sliding scale user interface control, for prospectively changing the color of text in the electronic document, the selected one of the plurality of color sets including a plurality of different colors collectively defined as part of the same selected color set, the plurality of different colors corresponding to a plurality of different text elements; and (ii) one of the plurality of font sets through the font set sliding scale user interface control, independent of selection of one of the plurality of color sets, for prospectively changing the font used for text in the electronic document, the selected one of the plurality of font sets including a plurality of different font faces and sizes collectively defined as part of the same selected font set, the plurality of different font faces and sizes corresponding to the plurality of different text elements; (c) responding to the user selection of one of the plurality of color sets by displaying a sample of text to which the color set that was selected is applied, in the live preview interface window, and without applying the color set that was selected to the electronic document; (d) responding to the user selection of one of the plurality of font sets by displaying a sample of text to which the font set that was selected is applied, in the live preview interface window, and without applying the font set that was selected to the electronic document; and (e) after (c) and (d), receiving a single user input requesting application the plurality of colors of the selected color set and the plurality of fonts of the selected font set; and (f) in response to receiving the single user input, selectively and collectively applying a plurality of the colors of the color set and a plurality of the fonts of the font set to text of corresponding text elements in the electronic document such that the electronic document is collectively formatted to include the plurality of fonts of the font set and the plurality of colors of the color set that were independently selected by the user.