Mercy--I thought it was a verb, also!
well, larrup is a verb; to beat, flog or thrash:
I'll larrup you till you can't stand.
and we all know how easy it is to noun a verb:
Your father'll give you a fine larrupin' if he comes home and there's that cow lost.
and then, reverbing the noun:
Heard the first spatter of drops, the outriders Larruping on the road.
edit: all citations thanx to OED online.