via Roy
Osherove:
Alt+F3: create auto-text entry.
Just select
the text and press Alt F3 and you can save the text for future
use..
I use Word everyday, and I can see where this shortcut will
definitely be helpful for me. The text that you capture becomes available on the
Insert --> AutoText menu. If you use Word as your editor in
Outlook, then this text also becomes available when creating e-mail
messages.