After a long wit for Copy and Paste on the iPhone, several apps are pouring in. First, PasteBud and then Clippy Beta. Both were amazing apps, but Clippy was the ultimate app as it allowed copy and paste across all applications and was embedded right to the virtual keyboard.
However, now we have another great copy/paste application. Its hClipboard (available via Cydia). It allows you to enable and disable the copy/paste functionality from the stock settings app. And besides, it allows you to store multiple clippings in the clipboard! Now you can have several pieces of text onto the clipboard and can use them whenever you want and delete them or keep them as you want.
Here's a preview:
Thanks to Brooke for the screenshots.