How to turn Morlet wavelet into second generation wavelet?
The Lifting scheme is special algorithm that allows a very efficient computation of the discrete wavelet transform (DWT), via special filters (QMF) and down/up-samplers. In order to compute a DWT the wavelet has to fulfill orthogonality constraints under translation and dilation.

The Morlet wavelet does not fulfill these contraints. Thus, you cannot compute a DWT with it und consequently you cannot use the lifting scheme. The Morlet wavelet is only applicable for computing a continuous wavelet transform. If you need a fast approximation you can have a look here: Fast Gabor-Like Windowed Fourier and Continuous Wavelet Transforms