You betcha!
I’m thinking maybe pockets of a substance with a similar kinetic effect (water and cornstarch hardens on impact – mix some up, put it in your fist, and smack it if you want to believe your own eyes), layered across a body, say, like armor, would provide a flexible outer layer that would harden on any sudden impact, absorbing kinetic energy.
Tags: hackers = tinkers, how crazy does that shit look?, nerd with a capital N, video, yes this is really how I amuse myself