ChevyFazer
Redneck MacGyver
With supertrapp the more disk you add the louder it gets
The only things I know of that are made with a mind for quiet exhaust are the SuperTrapp, which as I understand it isn't particularly quiet but can be tuned to a volume level, so perhaps ordering extra layers for it's baffle parts can quiet one down more? And these things:
Dynatech Exhaust Turndowns with Cone Inserts - JEGS
Essentially a perforated metal cone with an adjustable expanding base that installs inside the exhaust pipe, pre-cat, I believe. It will remove some hp. You probably could install more than one if you want it really quiet, but I imagine it would be easy to make problematic changes in the exhaust gas behavior doing so.
The suggestion above about replacing the cat with a small glass pack is interesting, but the cat does some good stuff, and especially living in an urban area I don't want to remove mine.
I would think that the best way to remove noise while taking away as little horsepower as possible would probably be to gut a stock exhaust, then re-weld additional baffling into it. You'd probably want to get a power commander and dyno it too. I wouldn't mind a quieter exhaust, but that's too big a job. And it will make the bike slower.
I'm pretty sure he was referring to something custom made using supertrapp...