Okay, this is getting talked about more and I'm getting PMs about it, so let's keep it to this thread instead so the fatties don't revolt and leave us for brawl hall.
I'm certainly not an expert, but I do a ton of reading on the subject from actual accredited fitness authors. When possible, I will link to actual experts and/or studies who support my assertions. I've also done this shit myself and have a good handle on what works and why. At the risk of inflating Pub's spank bank, here are the pictures of my personal progress since 2009:
Spoilers!
July '09 (235 lbs)
August '09
September '09
November '09
April '10
August '10
A couple minutes ago (178 lbs)
You can get better progress than this faster if you stick to your guns and aren't a dumbshit. I stopped working out for a few stretches of months during this time when I really didn't have to, and also took a complete break from watching my diet during the school year.