I tried a bright idea of using the hot water from the hot water fixture on our sink - the type that produces very hot water for making tea or coffe by the cup. The result is the side of the bottle that the hot water hit shrank and shriveled, and it did that almost immediately.
Based on that experience, I wouldn't try again using hot water, or enough heat to make water steam profusely on those plastic soda bottles. In my case, the bottle was empty, but I would expect the bottle to possibly develop holes if it had something in it, or if left exposed to the heat long enough to pasteurize the contents.