This is also reminiscent of a physicists love of elegance in their explanations.

"That equation is too ugly to be true." is not always correct, but is a good enough heuristic to help progress.

And this idea of elegance (saying a lot with a little) in memes is similar.

Elegance appears to be a type of beauty that is woven into the universe. Some memes are beautiful in this way.

So can you compact, compress, or make memes more elegant that are false as well as you can compact false memes?

I suspect you are correct, because deeper truths have "more meat" so to speak. There is more there to compress.

On the other hand, I bet cloistered monks studying a holy book their entire lives could come up with some killer memes that could compact their studies, lives, and obscure monastic references in one succinct image drawn on a bathroom wall.