I know this must be available someplace. I have two documents is PS CS3 (both pretty large) and I want to cut items from one to the other, but in the exact location (x and y). I know I can select the layer I need, stroke the entire document, then paste, and delete that stroke, but like Flash, there has to be a "paste into place" somewhere right?
Both documents must be open, the same dimensions and resolution. You will choose the layer you want to place from the layers palette of the source document. Then choose "Layer > Duplicate Layer". From the Duplicate Layer dialog box, choose the destination document from the drop down list and press ok. The source layer will now be placed in the exact same position on the destination document.