@kkarhan @OS1337
Can definitely understand those goals!
Since I'm not worried about fitting on a floppy, but rather usb/cd/dvd, I'd be kinda going for minimal, but not that minimal.
For a minimal desktop, I use XFCE a lot, Lxde/Lxqt would work, and there would be a certain fun retroness in using something like IceWM. Any of those directions would probably be X11, because most smaller desktop environments don't support Wayland.
Obviously, we'd have a terminal program. I'd also want gparted, and support for a lot of file systems. I'd want a browser, gui and non gui text editors. I'd probably also throw in compilers, an ide, and a few games, honestly.
It'd pretty much end up becoming a system rescue cd / gentoo/arch/lfs/other install disk / minimal web/dev environment disk.
(And yes, I *can* see where I could probably do this with debian or arch, but sometimes the journey is the thing...)