The TM Quiver bag I showed a few days ago is just under 2 lbs. Unfortunately the new & improved version looks a bit bigger. The stubby legs fold down manually. I just leave them extended for for the whole time. I'm a dew sweeper, so I want the bag and towel off the ground.
With 6 clubs and no putter, and 3 balls and a small towel, I think it's 7 - 8 lbs. Truly feather light. I just sling it on my shoulder however I feel like. It's a lot easier than pushing the cart with a bigger bag. That really depends on the hill factor, though.