Infinite Compression

What if it was real?
Add a string, and this post would be a 2TB porn collection.
TCP-Infinite,  every packet=entire file.
Hard disks would drop in price after IC filesystems appear.
You could tell someone a code for entire warez site and he could enter it and decompress the results.
Packet Radio all around the world/space at infinite bandwidth.
HD videos downloaded and streamed in microseconds.
An entire wikipedia could be edited in memory and saved into a single string, taking near zero space.
Books and DVDs becomes completely obsolete.
What else could be possible?

Can you store 8 bits in 7? I don't think so. 2^7 inputs will yield 2^7 outputs.
You can predict with high accuracy what is the 8th bit, but never store it in 7(lossy compression vs lossless).