Fake iPhone cut & paste demo loves you

Ok, we can officially and finally put this debate to rest: yes, Apple really could use its multi-touch input system to enable users to friggin' copy / paste text in the iPhone. And to prove it, the usual random internet dude (lonelysandwich) has put his skills to the test and developed a demo proof of concept video that Conan O'Brien will probably sue over. Hit it up after the break!

[Via Kottke]