Wiktionary
blue rinse
n. A diluted blue hair dye used to reduce the yellowed or translucent appearance of greying hair on older women (because the ability to see the colour blue decreases with age).
Wikipedia
Blue rinse
A blue rinse is a dilute hair dye used to reduce the yellowed appearance of grey or white hair, typically associated with older women. In a manner similar to laundry bluing, the blue rinse can make yellow-white hair appear blue-white.
The blue rinse gained popularity after Jean Harlow's appearance in the 1930 film, Hell's Angels. Queen Elizabeth also contributed to the popularity of the blue rinse in the 1940s.