Molotov cocktail animation

[darkely]

I was wondering if it would be possible to replace the lamp with a Molotov cocktail?

What I would want it to do (when the player picks it up):

When the player picks it up I plan on having this happen:

The player actually picks it up with the hand then the other hand lights the wick with matches.

When the player actually is holding it:

-have the wick move around (when the player moves) and the lit fire move too.
-have the fuel in the cocktail move and reflect the environment

And finally when the player wants to light up the area (I am not sure if this is possible with the engine):

The player will use the primary mouse button and then the player will throw it on the ground (note this is for lighting only - this is not meant for combat!). The flame will stay lit for awhile and then die out. If the player walks into it after 5 seconds the player will die.

So is it possible?