80's Horror about a wax museum.
When I was little I watched a "scary" movie from the 80's I think... it was in color.
These teenagers sneak into or get stuck in a Wax museum. The rule of the museum is don't cross the velvet rope. So they do and when they cross they enter into the scene. If you don't live through the scene you become a wax figure in the museum. One of the scenes is some guy with a whip that makes a comment about the teen girl getting off at the end of his whip or something like that.
I do know at the end of the movie the surviving teens burn the museum. I thought it was House of Wax but is not.