Say that Alice encrypts a $\text{plaintext}$ with $\text{key}_{m}$ and gives the $\text{ciphertext}_m$ to Bob. Alice wants to send several gigabytes of $\text{plaintext}$ to Eve but she is on a mobile 3G connection. So instead, Alice and Eve exchange a new secret $\text{key}_{eve}$. She then creates a $\text{key}_{mutate} = \operatorname{Keymutate}(\text{key}_m, \text{key}_{eve})$ and sends it Bob where he applies a mutation function to produce $\text{ciphertext}_{eve} = \operatorname{Mutate}(\text{ciphertext}_m, \text{key}_{mutate})$. Bob sends the $\text{ciphertext}_{eve}$ to Eve and she produces the $\text{plaintext} = \operatorname{Decrypt}(\text{ciphertext}_{eve}, \text{key}_{eve})$.
This seems like a homomorphic encryption cryptosystem, does something like this possible or even implemented?