Ace Hardware sells rolls of that mylar like polypro like sheeting, as far as I can tell, it's pretty close to identical to the layers of mylar that cuben uses. Feels exactly the same, though of course the chemistry might be a bit different.
It's about 11 a roll
5069190 part number, 62" x 25 feet.
Also useful to make polypro like ground sheets like Gossamer gear sells, as far as I can tell the stuff is the same.
I tried to make a backpack rain cover for a small pack with it, the only thing that didn't work was the glue, I used contact cement, which is too sticky and I couldn't let it dry on both sides because the film curls up, so I need to redo that, but it held the 1/16" elastic I got from zpack in the cord channel, and it didn't rip, and seems quite strong, except for the bad glue job.
I actually got that for similar reasons you are thinking here, to see what a super thin film actually is like working with, before touching cuben or anything expensive, but I think it's strong enough on its own to use for things like ground covers and backpack rain covers, and weighs basically nothing. I used silnylon to reinforce the area around the holes for the draw stringed elastic, which hooks under the backpack straps, I'd use cuben there I think once I get some.
Not sure what glue to use, contact cement I won't use again, I need something that I can apply and bond right away, shouldn't be hard to find.