When y'all say x pounds, what exactly do you mean?
Do you count food? Water? Your helmet? The clothes you're wearing? The panniers? The racks?

I use skin-out base weight: Everything minus my naked self, the bike, food, and water. Racks, panniers, helmet, sunglasses, bike shoes, water bottles all count, even if they don't go in the panniers, because you still gotta push 'em up the hill. Food and water don't count because sometimes you're not carrying any, or very little.

Using this metric, I've only gotten as low as 25 pounds, and I feel like I'm packing light (no front panniers or handlebar bag).