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Of course, it is possible. You may use any image (static, video, live feed from a camera, Syphon input...) as a texture for any shape/model. Try start with [jit.gl.videoplane].
Check [jit.gl.cornerpin] too. You may also try other (than plane) shapes generated by [jit.gl.gridshape]. For more complex deformations you may use shaders.