Like Chandler would say: "Whoop-a!" ;o)
Although it doesn't flex and bend like the real LEGO whip of course, I'm actually quite happy with the shape of "Fake Indy"'s whip!
I don't think it would hold the papercraft minifig swinging over any chasms though, unless maybe you use very strong paper/cardstock and glue! And it's quite big, too, much longer than the minifig itself... ;o)
Stay tuned for more updates!