+1 on blending the batches of beer.
Brewing something like an Indian Pale Ale but with half (or less) the fermentables and all of the hops may result in very bitter and hoppy a 3%-3.5% beer that would cut the malt liquor taste of your first batch quite effectively.
If you made a full 5 gal batch of malt liquor you might have a hard time finding a food grade vessel large enough to blend the two in...
Primary: Edwort's Apfelwein
Primary: Brewingcentres Pale Ale
Primary: Brewcraft - Cheap 'n' Shiddy Bavarian Wheat
Kegged: Brewcraft - Cheap 'n' Shiddy Bavarian Wheat
Kegged: Brewcraft - Enhanced Dutch Lager
On Tap: Brewcraft - Irish Stout