Yep, people do it with email all the time. I think I have under 200MB and I have in the tens of thousands of plain text emails from mailing lists.
I’d estimate that high definition video has similar problems, in that 24 hours of a pitch black screen with an ambient noise floor, captured at 4K screen resolution, and 240 frame rate, would still eat up 1TB, even with an efficient codec, because imperceptible thermal noise in the frames leaves a lot of uncompressible variation in the pixel raster, even though the actual color differences are imperceptible to people.