Randomness of a bit string

[Mike McNally]

Ray writes:
 > All of this is meaningless anyway. Information theory was proven wrong
 > by WEB technologies when they invented a compression program that can
 > recursively compress any input data down to 64k. Harddrives are now
 > obsolete.

Either I'm really dense in one of two ways (this is a joke I don't
get, or it's really true), or my pegging bullshit meter is right.
Could you go into a little more detail?

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