Ripped from fatwallet - credit to billyboy009:

"Today only save an additional 20% on the highest priced item in your shopping cart*. Just enter coupon code MNDEA at checkout to get the added savings!

*Coupon Exclusions:

Offer valid at REI-OUTLET.com only.
Offer not valid on REI.com items, REI Adventures or retail store purchases.
Offer not good on special orders, package discounts, REI gift cards; gift boxes; memberships; shop services.
Offer not good on bicycles.
Offer not good on boats.
Offer not good on Suunto or Oakley products; skis, boots or bindings; snowboards, boots or bindings.
Offer not good on GPS receivers; two-way radios; emergency locator transmitters; MP3 players; digital cameras.
May not be combined with any other discount or offer. Limit one coupon per customer.
Merchandise purchased with this discount is not eligible for the REI member refund.
Offer is intended solely for your personal use and may not be shared or distributed in any form.
Phone customers call 1-800-426-4840 Mon. through Sun., 4 a.m. through 11 p.m. Pacific Time.
Offer expires March 16."

NOTE that it says no bicycles, but someone on FW said they tried it and it worked (but REI might cancel the order later)...there are quite a few cycling items in the outlet center.