The following review written by one of the Software Informer contributors applies to version 3.1
ArsClip is a program that will allow you to manage all your clipboard content. By using it, you will be able to add text to your clipboard and keep up to fifteen different active entries, that you can later select and paste into another program. The program will show you a detailed log that will list every action you have performed in your system since the program started.
You can tune the performance of the program defining a large number of settings. It will allow you to define your own hotkeys, the way you want the program to manage your text or non-text items, how you paste the content of the clipboard, the appearance for the pop-up window, and if you want the program to play a sound each time you take a snapshot. The program can easily flush content off the clipboard to make room for more snapshots. You can edit the text items using its built-in text editor, in order to enhance the text before pasting it in another document.
ArsClip comes with an installation program, but you can just use it as a portable application, by running the .EXE that is included in the package.