He has some really nice color! It's neat to see them do some of the same things the big chameleons do.
Some of the little males get really pretty! I like to pick out the ones with bright green/yellow turrets as I have found they tend to have more bright green color.
Leave the little guy alone! He's obviously trying to pick up a lady But yes, I've heard they can display many neat colors when trying to mate. There's a pygmy species with blue eye turrets:0