Could there be a number, such that for certain interesting data, you can compress the data more than normally achiveable, by indexing into the number? I feel this should not be possible, but I don't know how to proove it without a circular argument about entropy. On the other hand, if you make a string of common byte sequences, a couple GB long, and distribute it with every PC... then you surely can achive hyper comp…
1) Take target image
2) Find the index in π (say) where a matchable sequence of bytes occur, like for Waldo. (If your image is big, this could take several years of computation time.)
3) Transmit the palette, width, height, and index: about 800 bytes.
4) Probably the index is too far out for everyone to have a copy of the data already (it would be beyond terabytes). So the recipient then spends several years computing the number out far enough.
5) Profit!
Note: the palette is optional; you could leave it out and only transmit about 32 bytes. Using a palette also means lossiness, because you're reducing to 256 colors and making compromises between pixels. But using one saves you several orders of magnitude of computation time.