Solid is a very simple Matchbox shader that outputs a solid color.
Yup. That's it.
Why? It's useful inside Image effects to use with blending modes to achieve interesting color tinting or other effects. For instance, create a new selective, attach id_Solid to it, and pick a color. Then change the selective's Pipeline mode to Comp, switch the blend mode to something like Overlay and adjust the transparency to taste.
Grab a copy of Solid from the Logik Matchbook.