Originally Posted by John E
The best thing you can to do a Varsity is to replace the rims with hook-beaded aluminum rims, the brake pads with KoolStops, and the 70 PSI blackwalls with high-pressure tyres. For further enhancement, buy an adaptor which enables you to install an aluminum cotterless crankset. I think I got mine down to about 34lbs.)
Now you have spent more than a much better semi vintage oriental bike would go for at a garage sale,and you still have a 34 pound piece of junk.