Lossy and lossless compression for many different data formats are active fields of research with people dedicating significant portions of their life to finding ways to improve them.<p>It's a funny attempt at echoing the results from Silicon Valley, but realistically this stuff is hard - perhaps more suited for a semester of research than a weekend hackathon.
Gotta say i love that show, and damn never knew how much information they actually put into all that, and this was probably the best read of the day for me, hope others comments will add to it :)