I think so, but it's complicated. VERY COMPLICATED. You have to understand that the eye is a spherical object so a linear advancement of the under-eye lid won't actually do anything. There's a very in-depth discussion by an occuloplastic surgeon who discusses having to do three things, 1) cut a few ligaments in the lower eye muscles and lid, 2) place a suborbital implant, 3) use a graft to recreate part of the lower eyelid with tissue taken from your f**king palate! and then the eye has to be sewn shut for a week. Once that's healed you can do the other eye. You can imagine the cost, time and recovery for this procedure would be SIGNIFICANT.
So I think it's possible. But f**king hard. I know tons of people who have had so-called cantopexy's etc. and they don't do s**t.