What does LZW compression mean?

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1. #based
2. #welch
3. #formats
4. #format
5. #using
6. #table
7. #jacob
8. #served
9. #smaller
10. #compression
11. #commonly
12. #lookup
13. #terry
14. #which
15. #sites
16. #invented
17. #algorithm
18. #image
19. #abraham
20. #lempel