As the title suggests, this mod creates a beam of light extending from your character. It'll be available any time your character has a Pip-Boy.

The new LITE version decreases the impact on performance. I know that it doesn't look as nice, so there's no need to complain about it.

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Details:
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Upon first loading the mod, or whenever you acquire a Pip-Boy, you'll be prompted with an options menu.
In the initial release, you have the following options:
Change color--with a choice of amber, blue, green, or white.
Change beam length--long, medium, or short. Decreasing length will increase performance at the expense of intended visuals.
Change hotkey--default hotkey is L to toggle the light on/off.

Pressing Shift + L brings up these options any time during gameplay.

(As far as bugs/issues, one known issue is when in VATS, or having conversation, the light isn't on. If it were on, serious lag would hit after leaving the menu.)

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Requirements:
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Fallout Script Extender, found at http://fose.silverlock.org/