It's a clipboard ...it holds the text and will paste into just about any app. It is lost on shutdown and restart. It only has one register. If you want to keep the text in it, go to
www.zedge.no and get "SPRUCE NOTES" ...a free java app for the fone (zedge registration is free too!!) and you can paste into that. It will save. If you want the text elsewhere, open a SMS and paste it there and send it to your computer. You could also do that via email. I suppose you could past into AIM but I haven't tried that.