I am trying to create the effect of someone throwing a can of paint slow motion. concentrating on the liquid flying through the air. (paint splashing slowly)
is this something that could be created in particular?
With a lot of patience - sure, but fluids are in general a tricky thing even in 3D programs that provide specially coded simulation tools for that, so don't hope for a one-click instant soloution. To save you headaches, you may want to consider shooting it for real - get some cheap white wall paint, thin it to your prefered consistency, find a black background, set up some nice lighting and then shoot away. You can always tint the color in post and once you are thru with this "dirty" job, you'll have some nice extra footage for later jobs.