Let's say you get a telegram. The telegram itself can contain maybe a couple of paragraphs of text. You might think the bandwidth of the channel is at most a kilobyte or so. But there's plenty of other aspects that can raise the amount of information conveyed. Say you get one saying "Short Dow." Just going by the content, you'd have no idea what it was saying. Is there a guy named Dow somewhere that's short? But if you're a stockbroker, all of a sudden there's a whole lot more info there. When you allow for context, information density can approach infinity.