Clippy is an iPhone addition from Cydia for copy/paste functionality. It was updated to version 0.97-2. The main bug that was fixes is a crash of different applications such as Notes, Safari, Mail and others where the animation was drawn. New version also added a language pack, improved the animation of the menu, full support for selecting editable text in web views, themes support and a lot more.
Avaliable via Cydia for jailbreaked iPhones.
Full changelog for 0.97 updates: