How to Easily Drag Text to Copy and Create Text Clippings in OS X

How do you create a text clipping?

1. Select some text.
2. With the text selected, drag & drop the text to your Mac Desktop or Finder window.
3. “Boom” -- You'll see a little text clipping appear.
4. By default the clip will name itself using the first few words of the text, but you can change this.