A 3D app with metaballs should do it. Or shooting a Lava Lamp.
I’ve found that Mr. Mercury, though blobby, doesn’t offer transparency and refraction. Some of its prsets offer joining of blobs, but I would find it hard to control in a Lava Lamp situation.
However.
Try these settings on a red solid:
– velocity 1.5
– birth rate .4
– longevity 5
– gravity .3
– resistance .16
– animation: fire
– blob influence: 2.2%
– Birth size/death size .9
– ambient 36
– diffuse 0
It’s cheesy, but it might get you by. Your mileage may vary.