(update 7/23/09 ) Im so lazy and havent posted an instructable yet but some one did!!!
so CLICK HERE to saw the instructable!!!

PDF Downloads
As a Pro member, you will gain access to download any Instructable in the PDF format.
You also have the ability to customize your PDF download.
Orange = coolest
Red = next coolest
Blue = next coolest (hotter than red or orange)
Green = next hottest (hotter than blue)
Any color In between blue and white pretty hot
WHITE = DON'T TOUCH ANY WHITE FIRE NO IM NOT TALKING ABOUT CLEAR FIR IM TALKING ABOUT WHITE IT IS HOT ENOUGH TO MELT STEEL WITHIN 4 SECONDS. the reason you can touch the bottom is because the fire burns up and plus the fumes from the lighter fuel is going up it is way less hotter down there because there is not a lot of flame down there
it's ok to tell people what you know, but you don't have to lie (unless you really are a 17-year old science teacher...)
anyway, here's some info on fire colors:
red:
-barely visible: about 500'C (975'F)
-Cherry-ish color, visible, but slightly dull: about 850'C(1550'F)
-Bright: about 1000'C (1850'F)
Orange:
-deep orange: about 1100'C(2010'F)
-clear orange: about 1200'C(2200'F)
blue and green are other types of combustion, usually giving off about the temperature of a white-ish flame (1350'C(2400'F)(most gas-based fires tend to give a blue flame, green flames are mostly made by adding fine copperdust to the fuel, though there are some materials that burn green.)
White:
-White-ish: about 1350'C(2400'F)
-Bright: about 1500'C(2700'F)
-Dazzling/roaring(the other white flames will probably roar too, but you will hear the difference): about 2000'C(3000'F)
the transfer from Celsius to Fahrenheit is not accurate, since i didn't use a tool to convert it.
anyway, the reason your hand doesn't burn is because the temperature the cloth gets at the bottom is around 100'C.
This sounds like alot, but the combination of a lack of heat conductors under the flame, combined with constantly moving the ball makes your hand stay cool.
Hope this helped.
they are cotton balls it wont hurt but it will be fun