[mikevin]

I'm curious what the compressed text looks like. Anyone have an example?

[Lerc]

If it is within cooee of state of the art the compressed text should look like a pile of random bits.

If it looks like anything at all other than randomness then you can describe whatever it is that it looks like to get more compression.

[munch117]

Binary goo, barely distinguishable from random data, if at all. The arithmetic coder will make sure of that.

It's the nature of compression: Any discernible pattern could have been exploited for further compression.