This is the result of about 30 minutes of python and a loose understanding of Jacobson’s Verlet Integrator. A method that allows for soft editing of organic meshes. Not sure if I’ll take this further, some changes might need to be made to Blender to make this easier.
Just add a Monkey into the above scene, don’t modify the monkey that’s already in the scene, that is the reference model. Enter the second monkey’s edit mode, press Space and type Verlet, hit enter. Move vertices around to see their effect (watch the video below).
Note, the above is released free for any and all use, if you use it for something cool feel free to drop my name.