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Please be gentle, this is my first submission to python.
The use case for me was a recursive zip-within-a-zip situation. I wanted to allow the creation of a zipfile.ZipFile from an existing zipfile.ZipExtFile, but the lack of seek prevented this.
I simply treated forward seeks as a read, and backward seeks as a reset-and-read. The reset was the tricky part as it required restoring several original values such as the remaining compressed length, remaining data length, and the running crc32.
I pushed this into the latest upstream branch, but as I am testing this in v3.4 it should be easy to backport if necessary (I suspect not).
I based my fix on a little program that I wrote to test the feasibility of this idea. I am attaching that test program here.