Do you strictly track encumbrance? Hand wave it? Ignore it? Give everyone in the party Bags of Holding and hope it all goes away?
I find myself somewhere between ignoring and hand waving. Trying to jump over a pit trap? What are your carrying. Otherwise, I dont give it much thought, as the play is the game, not the number crunching.
Still, LotFP has a decent semi-abstract encumbrance system that doesn't seem to be overtaxing.
How do you handle encumbrance in your games?