The first 2 characters are the model year. "01" is "2001". "04" is "2004". etc.
The next characters are the body color. "QS" is "QuickSilver". "MY" is "Millenium Yellow". etc.
The next characters say that the interior has been changed. "ModRed" means some or all elements of the interior have been changed from black to red.
There's also a pissload of abbreviations for various other types of modifications that just too numerous to try and itemize. You need to haunt the forum for a while and pick up the lingo by "absorbtion".
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