I had the same problem as gonzo... its like bad syntax of the code... here is mine ~BiG^MaC~>
it was just a quickie... i might spend more time on this...
Code:PS1='\[\033[01;34m\]\W\[\033[01;31m\]BiG\[\033[01;37m\]^\[\033[01;31m\]MaC\[\033[01;34m\]\W > \[\033[00m\]'


