hClipboard is another copy paste application in jailbroken iPhones. To install this application, go to
1. Cydia installer (Make sure that you have 2.2 firmware)
2. Search for “hclipboard”
3. You’ll see it listed in the search result.
4. Install the application.

To enable hClipboard, Go to Settings > General > Keyboard > International > Enable hClipboard.
After enabling hClipboard, you’ll find a globe symbol in keyboard window. Tap on it and start playing with it. It stores text in two forms. One as clipboard and another in the form of template. You can store up to 10 clipboards and deleted the unwanted in iPhone’s native way of deleting a text. Though you don’t have any limitation in templates. You can store as many as you wants, this can be used in storing email, mobile number or user name for some sites which you use very frequently.

There is no doubt that in terms of functionality it is the most advance application present so far but I didn’t like the technique it used to select text. Its doesn’t meet iPhone standards. Clippy is another copy/paste application which uses better technique to select text.