I personally prefer WinRAR. And it is possible to recompress compressed files. For something like a 160 mb zip file, it will probably gain some compression. You can continue do this more than once, up to a point (A specific maximum limit, generally determined by whatever algorithm is being used, and way it works). Zip files in particular seem to work with recompression... though for a gain of only 1-3% generally. Hmm... RAR's can be compressed further by using ZIP compression, but not another RAR compression. Oh well, I'd experiment with multiple compression programs testing what results you get with recompression, but I doubt you could take it down from 160 to 120...
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Wolf Moon
Cast Your Spell On Me
Beware
The Woods At Night
The Wolf Has Come
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Wolf Moon
Cast Your Spell On Me
Beware
The Woods At Night
The Wolf Has Come