A text area or text-path can be split into a group containing text areas each consisting of a single character. For example, in Figure 8.42(a) there is a single text area containing the seven characters that make up the word "Rainbow". This text area was then converted into a group of seven text areas using Transform->Split Text. The group was then ungrouped (see Figure 8.42(b)) and each text area was then given a different text colour resulting in the image shown in Figure 8.42(c).
Note that if you split a text-path, you will lose the underlying path.