When you copy graphics from a Web site, what you are actually copying to the
Clipboard is a link to the location where the graphic is stored. So when you
paste the graphic, you're really pasting this link.

It's not true. IE should copy both the link to original location and the
graphics itself. To prove it, try to paste the same fragment to a new Outlook
message in HTML format - the paste is instant and the graphics is there. The
only problem is it doesn't keep all the fonts and layout precisely, otherwise
I'd use it first and then paste it to Word.

Besides, sometimes I saw a noticable delay when pasting a single word! The
graphics is just more noticable becasue it larger. So, at least sometimes,
Word re-gets text from website, too. It's just ridiculous.

To solve this problem,
paste once, then select the pasted object and press Ctrl+Shift+F9 to unlink
it. Then copy the pasted object; what you have on the Clipboard will then be
the object itself and not a link to it.

My main complain was too long time and you suggested to increase it even
more. Sorry, it won't go.

Alternatively, instead of pasting the object the first time, use Paste
Special and choose an appropriate format.

I tried it, of course. Unfortunately, there's no appropriate format that
would keep exact page layout and fonts (except for original HTML format, that
is)