Update: It seems you can no longer use both codes together. This deal as originally stated is dead. However you can still use the $25 off code and get two bras and a pair of panties for $23 or so.
I got an email from reader Andrea about this deal. I just did it so I can verify that it works!
Head to Victoria’s Secret, put two of their bras on sale for 2/$40 and a pair of panties on sale $7.50 each in your shopping bag. The panties must be solid color. Before checkout select the option to use discount codes on your order. When you are checking out use the codes:
Proceed to check out and your total should now be $10 plus $5.99 shipping!
Don’t forget to go to the Victoria’s Secret website through Ebates if you are a member. If you do you will get 4% back via Ebates. if you are not a member become one right here. You will get $5 sign up bonus, so will I thank you!
Credit to My Shopping Addiction and Andrea for pointing me to this deal. I also found out that for an extra $20 you can also get two sweaters in addition to this. Read this post by Chaos on the Cupboard on the code you need to get cheap sweaters.