How does Google's Page Speed lossless image compression work?
When you run Google's PageSpeed plugin for Firebug/Firefox on a website it will suggest cases where an image can be losslessly compressed, and provide a link to download this smaller image. For example: Losslessly compressing http://farm3.static.flickr.com/2667/4096993475_80359a672b_s.jpg could save 33.5KiB (85% reduction). Losslessly compressing http://farm2.static.flickr.com/1149/5137875594_28d0e287fb_s.jpg could save 18.5KiB (77% reduction). Losslessly compressing http://cdn.uservoice.com/images/widgets/en/feedback_tab_white.png could save 262B (11% reduction). Losslessly compressing http:/