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Alright I was checking out the sites, the laws site went right over my head too :S and I really like this gun
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You are obviously an intelligent young man!
However I was wondering, since money is going to be an issue if I buy that gun or a gun like it, I was wondering what the best lightweight, accurate, and cheapest plinking gun I could get?
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Tall order - like asking which is the best looking, fastest, cheapest car I can get. See the problem?
However the good news is just about any AR is going to be more accurate than you are. Lightweight narrows it down a bit - for a true lightweight you will be limited to Bushmaster, DPMS, and Oly. If you want to include M4 types (I recommend it) which only weight a few ounces more then you can select from Colt, Bushmaster, DPMS, Olympic Arms, Rock River Arms, and Cavalry Arms.
Do some more reasearch/ask questions about what you want kind of features you want in your rifle.
...unless it is legal to take it deer hunting, which would be pretty cool.
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Depends on the state you live in. In my state (Maryland) you can use .223 for deer hunting. Providing you are in a county that allows the use of rifles for hunting (most counties in the state only allow shotgun/muzzloader/archery).
Any ideas for the ideal gun for me?
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IMHO the Rock River Arms with the chrome lined barrel is a very good deal. Most of the features of the Bushmaster with pricing closer to the Olympic Arms.
Models to look at from Oly include the OLY FAR which is very lighweight. The OLY Plinker is a bit heavier (about 7.3lbs IIRC) and not quite as durable but its fine for plinking.
BTW I have been putting parts away for my son's AR since before he was born. His will end up being a M4 barrel/A2 upper with an A1 stock (parts mostly from Bushmaster). Nice light weight and very durable/reliable.