When I read the title I thought "well, whiskey milk punch, obviously. That's a terrible use for whiskey."
Re: the flaming shot, it takes long to light because most whiskey is too weak to light readily. You have to heat it first so the vapors are enough to ignite.
Whiskey sours are pretty easy.
Decent whiskey cheap: Four Roses, Old Forester, Evan Williams White Label, McClelland's. Bushmills, Tullamore Dew, and Beam are ok big labels at $20.