diff --git a/lib/pry.rb b/lib/pry.rb
index 93725652..3732fb86 100644
--- a/lib/pry.rb
+++ b/lib/pry.rb
@@ -24,37 +24,12 @@ class Pry
   end
 
   def self.output_with_default_format(output, value, options = {})
-    stringified = begin
-                    value.pretty_inspect
-                  rescue RescuableException
-                    nil
-                  end
-
-    unless String === stringified
-      # Read the class name off of the singleton class to provide a default
-      # inspect.
-      eig = class << value; self; end
-      klass = Pry::Method.safe_send(eig, :ancestors).first
-      id = value.__id__.to_s(16) rescue 0
-      stringified = "#<#{klass}:0x#{id}>"
-    end
-
-    nonce = SecureRandom.hex(4)
-
-    stringified.gsub!(/#</, "%<#{nonce}")
-    # Don't recolorize output with color (for cucumber, looksee, etc.) [Issue #751]
-    colorized = if stringified =~ /\e\[/
-                  stringified
-                else
-                  Helpers::BaseHelpers.colorize_code(stringified)
-                end
-
-    # avoid colour-leak from CodeRay and any of the users' previous output
-    colorized = colorized.sub(/(\n*)\z/, "\e[0m\\1") if Pry.color
-
-    result = colorized.gsub(/%<(.*?)#{nonce}/, '#<\1')
-    result = "=> #{result}" if options[:hashrocket]
-    Helpers::BaseHelpers.stagger_output(result, output)
+    pager = Pry::Pager.best_available(output)
+    pager.print "=> " if options[:hashrocket]
+    Pry::ColorPrinter.pp(value, pager)
+  rescue Pry::Pager::StopPaging
+  ensure
+    pager.close if pager
   end
 
   # may be convenient when working with enormous objects and
@@ -225,6 +200,7 @@ require 'pry/core_extensions'
 require 'pry/pry_class'
 require 'pry/pry_instance'
 require 'pry/cli'
+require 'pry/color_printer'
 require 'pry/pager'
 require 'pry/terminal'
 require 'pry/editor'
diff --git a/lib/pry/color_printer.rb b/lib/pry/color_printer.rb
new file mode 100644
index 00000000..cf9f915c
--- /dev/null
+++ b/lib/pry/color_printer.rb
@@ -0,0 +1,33 @@
+# PP subclass for streaming inspect output in color.
+class Pry
+  class ColorPrinter < ::PP
+    OBJ_COLOR = begin
+      code = CodeRay::Encoders::Terminal::TOKEN_COLORS[:keyword]
+      if code.start_with? "\e"
+        code
+      else
+        "\e[0m\e[0;#{code}m"
+      end
+    end
+
+    def self.pp(obj, out = $>, width = 79)
+      q = ColorPrinter.new(out, width)
+      q.guard_inspect_key { q.pp obj }
+      q.flush
+      out << "\n"
+    end
+
+    def text(str, width = str.length)
+      super *if !Pry.color
+        [str, width]
+      # Don't recolorize output with color [Issue #751]
+      elsif str.include?("\e[")
+        ["#{str}\e[0m", width]
+      elsif str.start_with?('#<') || str == '=' || str == '>'
+        ["#{OBJ_COLOR}#{str}\e[0m", width]
+      else
+        [CodeRay.scan(str, :ruby).term, width]
+      end
+    end
+  end
+end
diff --git a/lib/pry/pager.rb b/lib/pry/pager.rb
index 9d3d0794..cf681f42 100644
--- a/lib/pry/pager.rb
+++ b/lib/pry/pager.rb
@@ -131,7 +131,6 @@ class Pry::Pager
     def write(str)
       @pager.write str
     rescue Errno::EPIPE
-      # Don't worry about ^C.
     end
 
     def close
diff --git a/spec/pry_output_spec.rb b/spec/pry_output_spec.rb
index d90f77a2..5fe2d22f 100644
--- a/spec/pry_output_spec.rb
+++ b/spec/pry_output_spec.rb
@@ -60,8 +60,9 @@ describe Pry do
 
     it "should colorize strings as though they were ruby" do
       accumulator = StringIO.new
+      colorized   = CodeRay.scan("[1]", :ruby).term
       Pry.config.print.call(accumulator, [1])
-      accumulator.string.should == "=> [\e[1;34m1\e[0m]\e[0m\n"
+      accumulator.string.should == "=> #{colorized}\n"
     end
 
     it "should not colorize strings that already include color" do