SQL & PL/SQL

I need to split out list data in a column in order to made the data more readable.

For example:

select * from mytable;

ID     TEXT
--     -----------
1      RED,GREEN,BLUE,YELLOW,ORANGE,VIOLET
2      GREEN,ORCHID,SLATEBLUE,RED,YELLOW

What I would like to see instead:

ID     TEXT
--     -----------
1      RED
       GREEN
       BLUE
       YELLOW
       ORANGE
       VIOLET
2      GREEN
       ORCHID
       SLATE
       RED
       YELLOW

The number if items in the TEXT column ranges from a minimum of four items..it also may have have over 20!
The elements are all separated by a comma (no space).
Finally, the for now, the data does not need to be sorted, but would be nice in the future!

Thanks, I really appreciate any insight you all might be able to provide!!!

KSL.