When I saw this activity on pinterest I thought how clever... my 4 year old would love it but I think the 2 year old is not quite ready. Take your empty 2 litre cold drink bottles, plastic milk bottles or any containers that are see through. Fill them with water, and add different colour food colouring to the water. It's as easy as that, kids then mix the different colours, and have loads of fun playing with the multi coloured bottles of water. Add bottles that require squeezing if you have, awesome fun.
Found this idea on www.innerchildfun.com (picture off there as well)