Scrubby is a utility that sits in your system tray and allows you to remove text formatting (Bold, Italic, Colors, Etc.) and optionally strip HTML tags from text in your Windows clipboard using a hotkey and paste into the current active window. You can also create substitutions and substitute some text for another when pasting. Can come in handy for email templates and such.
I did base it off of a Mac app I saw called TextScrub. I thought that was a great idea so I made a Windows version. :-)
You can download and view more info here ->
http://starpunch.blogspot.com/2013/04/scrubby.html