Don't know why you couldn't find it in your AIM... check this link. I tried to find a good picture of a VASI or PAPI unit to no avail... basically, it's a box with lights inside that emit a split beam. Depending on the angle you're viewing it from, you'll see red or white as you approach it (then there's the red/yellow/green tricolor system). And yes, sometimes PAPIs look pink- I've seen it in RL. I think it's because although the red and white boxes are arrayed side-by-side, they're set so their light converges at a certain distance. Red plus white equals pink.
http://www.faa.gov/ATpubs/AIM/Chap2/aim0201.htmlThe mnemonic I was taught for VASI:
Red over white: just right (on glideslope)
White over white: you'll fly all night (above glideslope)
Red over red: you're dead! (below glideslope)