there actually is a whip. look for the balor whip creature item in the toolset. put it in the inventory of a balor and have it equip the whip. on the preview tab, the whip looks like a '?' box. however: make an area, place an instance of the balor, save the module, and run it ingame. you will notice that the balor is actually holding its flaming whip. It is fully animated and even has sound effects.
perhaps the balor whip can be used as a base to create a variety of whips.
10 - A Masterpiece, Genuinely Groundbreaking 9 - Outstanding, a Must Have 8 - Excellent, Recommended to Anyone 7 - Very Good, Deserves a Look 6 - Good, Qualified Recommendation 5 - Fair, Solid yet Unremarkable 4 - Some Merit, Requires Improvements 3 - Poor Execution, Potential Unrealized 2 - Very Little Appeal 1 - Not Recommended to Anyone