The first shadow in the palette is Venus, a soft off-white demi-matte. It's the only shadow in the palette with a touch of satin. I love to put Venus on my inner eye, it really makes my makeup pop.
The next shadow(Foxy)Urban Decay describes as a cream bisque matte and I have to agree. Foxy is a nice cream pale yellow color. You can wear it with other shadows or you can wear it by itself and maybe add some black eyeliner to create a winged eyeliner look. It's great to use if your going for a very simple neutral look.
Walk of Shame(or W.O.S.) is a very light nude color. As you can see in the swatch down below, W.O.S. is very close to my skin color. I love using it to blend! It's just a great nude color.
The Naked Basics palette is $27 which I don't think is that bad of a price for the product. I really like and enjoy this palette. I only have one con and that is the fact that when I first bought it the palette was hard to open. But now that I know how to open it, it isn't really a problem anymore. The fact that it's a little hard to open also is a pro because this way if you just throw it in your purse it is less likely to open and make a mess everywhere. I defiantly recommend this to someone who doesn't have a lot of neutrals, matte eye shadows. I don't think that someone who has a lot of neutral, matte shadows already wouldn't get that much use out of it. The shadows are really pigmented and have a great color payoff. I give this palette 5 stars, in my opinion.