That method isn't applicable to all printers or programs. My method will work whether you're dealing with a web browser, word processor, or virtually anything else that can display text. It also works across platforms with only minor changes. On a Mac, instead of Ctrl, you'd hold the Apple/Command button, and on *nixes such as Linux, it'd be Alt instead of Ctrl.
Of course on something like Linux, you can just do in-place copy and paste. Highlight a section, and then middle click where you want to paste it. Really handy since all X11 programs inherit this ability. It can also copy in rich text, so formatting is preserved.
Also, Internet Explorer (not sure if it still exists in 7) has a rather annoying habit of truncating text along the right margin. This is avoided by copying and pasting. Worst you'd have to deal with, is Notepad not having word wrapping on by default.
Finally, it's always good to have a fallback option or two in case your initial method doesn't work. If your printer dies, or is otherwise incapacitated for a time, this allows you to save the text you want, so if your Internet connection then also goes out, you can still print the info once you get your printer back in action.