Around The World yoyo effect?

For my first mod, I'm looking to make a yoyo-like weapon that doesn't chase the cursor... instead, it just stays out as long as you hold the button and spins around the player at max range. The best way I can think of to do this would be to cross yoyos with basic melee... I need the projectile to extend to max range at the end of its non-damaging string, then spin a full 360 melee arc and just autofire that 360 arc.

Is this possible? Is there a way to change the range a melee weapon's swing...

Around The World yoyo effect?