Light bulb assembly having a light bulb with the ability to change color

A light bulb assembly having the ability to emit white light and also colored light, comprising a light bulb having a primary filament and a secondary filament, each capable of separately emitting light upon selective illumination by a power source, said light bulb having a substantially spherical clear glass envelope and a cap, wherein the glass envelope encloses the primary filament and the secondary filament, wherein the glass envelope is sealed from the atmosphere and contains an inert gas for preventing the filaments from burning upon illumination, wherein each of said filaments emits white light upon illumination, wherein the secondary filament is encased by a translucent colored sleeve having a particular color, said colored sleeve for filtering the white light which is emitted by the secondary filament, wherein after being filtered by the colored sleeve, the light which is produced by the secondary filament is of the same color as the particularly colored sleeve surrounding the secondary filament, wherein the cap of the light bulb has an outer surface having a first and a second electrically conductive ring contact, wherein the first ring contact is in electrical communication with the primary filament, and the second ring contact is in electrical communication with the secondary filament.