numbers
With these assumptions, dropping 7 pounds would get you up a 10 km hill 54 seconds faster. Riding by yourself, not a big deal. On the tail end of a road race, that's HUGE.
http://www.analyticcycling.com/ForcesLessWeight_Page.html
<TABLE cellSpacing=5 cellPadding=0 width="50%"><CAPTION>
Benefit From Less Weight
</CAPTION><TBODY><TR><TD align=left>
This Much Less Weight</TD><TD align=right>3.175</TD><TD align=left>
kg</TD></TR><TR><TD align=left>
Over This Distance</TD><TD align=right>10000</TD><TD align=left>
meters</TD></TR><TR><TD align=left>
On Hill of Slope</TD><TD align=right>0.05</TD><TD align=left>
Decimal</TD></TR><TR><TD align=left>
Faster by</TD><TD align=right>54.80</TD><TD align=left>
s</TD></TR><TR><TD align=left>
Ahead by</TD><TD align=right>307.58</TD><TD align=left>
m</TD></TR><TR><TD align=left>
Frontal Area</TD><TD align=right>0.5</TD><TD align=left>
m^2</TD></TR><TR><TD align=left>
Coefficient Wind Drag</TD><TD align=right>0.5</TD><TD align=left>
Dimensionless</TD></TR><TR><TD align=left>
Air Density</TD><TD align=right>1.226</TD><TD align=left>
kg/m^3</TD></TR><TR><TD align=left>
Weight Rider & Bike</TD><TD align=right>75</TD><TD align=left>
kg</TD></TR><TR><TD align=left>
Rolling Coefficient</TD><TD align=right>0.004</TD><TD align=left>
Dimensionless</TD></TR><TR><TD align=left>
Power</TD><TD align=right>250</TD><TD align=left>
watts</TD></TR></TBODY></TABLE>