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That requires that vim be compiled with the xterm-clipboard feature enabled. On my Fedora 24 desktop, vim doesn't have it enabled, but gvim does (according to
by u801e 10y ago
That requires that vim be compiled with the xterm-clipboard feature enabled. On my Fedora 24 desktop, vim doesn't have it enabled, but gvim does (according to the output of the :version command).
One advantage of the method you describe is that it can be limited to just part of a line. Piping output to xclip is limited to complete lines of text due to the nature of :w !.