Let $\mathcal{D}$ be a finite category and let $F:\mathcal{D}\to\mathbf{Set}$ be a functor. Since $\mathbf{Set}$ has (co)equalizers and finite (co)products, by the Existence Theorem $F$ has a limit and (dually) a colimit, and the Theorem tells us how to construct them (see for instance this answer for an explicit construction of the colimit).
Here is another neat way to find the limit. Recall that, for $A$ a set and $\Delta_A:\mathcal{D}\to\mathbf{Set}$ the constant functor, we have a bijection $\hom(A,\lim F)=[\mathcal{D},\mathbf{Set}](\Delta_A,F)$. Setting $A=\{ 1 \}=\ast$ to be a one-element set, we therefore find $$ \begin{aligned} \lim F &= \hom(\ast,\lim F) = [\mathcal{D},\mathbf{Set}](\Delta_\ast,F)\\ &= \Big\{ \big(f_i:\ast\to F(i)\big)_i\in \prod_{i\in\mathcal{D}} \hom\big(\ast,F(i)\big) \;\Big\vert\; f_j=F(\alpha)\circ f_i \text{ for all }\alpha:i\to j \Big\}. \end{aligned} $$ Using that $\hom(\ast,F(i))=F(i)$ for each $i$, we obtain the usual description of the limit in $\mathbf{Set}$!
Question: Is there a similar trick, for example using $\hom(\text{colim} F,A)=[\mathcal{D},\mathbf{Set}](F,\Delta_A)$, to find a description of the colimit?
My approach so far has been to first reduce the question to the case $\mathcal{D}=\{1,2\}$ and to find the right set $A$ to deduce that $F(1)\sqcup F(2)=\big(F(1)\times\{1\}\big)\cup\big(F(2)\times \{2\}\big)$, but I haven't found such a set yet. I suspect that dividing out by the equivalence relation will somehow follow from the condition $f_i=f_j\circ F(\alpha)$ on a cone $(f_i:F(i)\to A)_i$.