Throwing a ball of paint

Greetings,

I had an idea for a game and I was wondering if anyone could point me in the right direction. I have the throwing down and everything and I think I can figure out the collision part of the script, however I am curious if there is a way to throw an object, lets say, a ball of paint, at just a blank white object, and have it explode on the wall leaving a paint mark of the selected color, preferably in splatter form.

Any help would be appreciated, thanks.

tldr; Paint walls with a thrown ball of paint

If it helps, you can think of it like a water balloon filled with paint. I want to throw it at the wall and have it splatter painting the wall in the color I threw.