This is a great question, but unfortunately, it is not possible.
The reason is the Capsaicin compounds. Let me explain.
Capsaicin compounds are a very interesting substance that does not actually damage the tissues, instead it binds to your sensory neurons and tricks them into sending the message that the tissue is burned and under abrasive damage.
It is a perfect trick of the mind (and nervous system) you may say. All this time NO DAMAGE TAKES PLACE .
Any redness, swelling, etc is just a auto-response of the body.
It is funny to know that birds do not have this type of receptors and tat may consume the hottest chillies without having any unpleasant sensation.
At the same time, this very same compounds are very flavorful and perceived as such by the appropriate receptors.
There is not a district "flavor" component to the chillies, it is the Capsaicin compounds and they "burn".
Yes , was they are soluble in fats, mixing them with butter as Ambuja suggested or with high fat yogurt attenuates the burning sensation as it does no longer come in small concentrated portions.
Alternatively, start to teach your body and brain that it is nothing to fear by slowly building tolerance to it. I am sure that Ambuja knows a lot about this :D
No easy way out on this one , sorry :P