No operating system I know of, no matter how many gigabytes of memory you have, can remember more than one copied item at a time. That's ridiculous!
Maybe I'm misunderstanding the functionality he's talking about, but hasn't KDE's Klipper (http://userbase.kde.org/Klipper) and GNOME's Glipper (https://en.wikipedia.org/wiki/Glipper) solved this problem long ago? I'm sure there are other clipboard managers for other OS'es as well.