As an artist I resent some people's assumption that original art from my abilities and imagination, which I have sacrificed a lot to develop, should somehow default to public property. If we require artists to participate in a money economy their art belongs to them. Copying images and not following the copyright owners permissions to the letter is stealing, outright. And deep pockets like Disney has taught individuals that the hard way.
If you mean your own artwork, then you'd take a picture of it, upload it to your computer (make sure you know where you're saving it), then select Insert > Picture in Word, browse in the location where you saved the photo, click the picture, and insert. If you mean an image from the internet or something, you can just save it to your computer and basically follow the rest of the steps above.
This applies more to teachers than to anyone else, but clip art (especially black line clip art) can´t be beat when it comes to using images that are going to be photocopied. It creates a much cleaner look than a photo. While there is much talk of going digital, the reality is that most of the world still is using paper for teaching . . . and a lot of it, not because we aren´t open to the digital world, but many times not all students have access.
To download the clip art and animated GIFs on this site, just move your mouse over an image or animation and right-click. Then select "Save Picture As..." (or "Save Image As" if you're using a Mac). Feel free to open the pictures in your favorite graphics software, such as Photoshop, Fireworks, Gimp, etc... and edit if you wish. Keep in mind that linking to these images is not permitted.
Why is it that every time Microsoft make another edition of their software it makes it harder and harder to use. Seriously frustrated. Clipart was so darn useful. I was always ungrouping it to pull apart and use just some little images or to recolour to match my document / presentation. now I have to go and try and completely redraw things. This is a complete waste of time. Microsoft, you continue to be morons. Just once, I'd like to see an upgrade that actually added value and didn't make it harder for people to use. User UNfriendly. Seriously considering heading back to an earlier version of PowerPoint just so I can get that feature back.