We study the fully nonlinear heat equation \(b(\partial _tu)\partial _tu=\Delta u\) posed in a bounded domain with Dirichlet boundary conditions. Here \(b(s)=b^-\) if \(s<0\) , \(b(s)=b^+\) if \(s>0\) , \(b^-\ne b^+\) being two positive constants. This equation models the flow of an elastic fluid in an elasto-plastic porous medium. We are interested in the existence and uniqueness of viscosity solutions and in their asymptotic behaviour as \(t\rightarrow \infty \) and when \(b^-\rightarrow 0^+\) or \(b^+\rightarrow +\infty \) . We also characterize solutions of the problem as limits of a minimization dynamic game.