It's basically an OLE object or link saved as a file in the file system
- e.g. if you drag some text from a Word document to a folder in Windows
Explorer, Windows creates a scrap file. You can drag it back into
another Word document, for example.
ISTR a blog saying how it had been determined that scrap files were
little used and were ditched in Vista, but the facility is available in
Win XP. There's some info. at