Parts:
There's the boommerang, and the actual staff.

Formations:
Blaster mode, attack mode, and boomerang mode (the boomerang mode has not been tested yet)

Where it is stored:
At Lightspeed

Special attacks:
Specter Blast, an attack where the V-Lancers are in blaster mode as the rangers shoot lasers into the sky and bring them down at the enemy, creating a devistating explosion.

Other Stuff/Notes:
Level 10 is the highest level for the V-Lancers in blaster mode.

Differences in GoGoV:
The only thing in Power Rangers Lightspeed Rescue that has the same name as in GoGo5.