Tupper's formula
en.wikipedia.org
en.wikipedia.org
He confirmed it on a reddit thread yesterday http://www.reddit.com/r/math/comments/32q0cx/the_everything_...
You could probably make the compression as simple as encoding a "font" in the number (or formula)... then it's just an extra indirection to lookup each digit's bitmap.
The trick is that the part of the number (program) that encodes the image of the number doesn't need to encode the image of itself -- that can merely be created directly from that part of the number. See e.g. the source of (or output of!) the quine I linked. The first half of the program is the "image"; the second half basically just prints the "image" once as it is represented in the source, and again after interpreting it a bit. (In fact this way you don't even need to compress the "image"... the compression comes from the fact that your "program" is roughly just two copies of the same thing.)