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/usr/bin/xclip-cutfile is in xclip 0.12+svn84-4+b1.

This file is owned by root:root, with mode 0o755.

The actual contents of the file can be viewed below.

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#!/bin/sh
# FIXME: We shouldn't remove the files until xclip has successfully
# transferred the data. With the current process model, this is not
# very easy, though. 
set -e
if [ "x$1" = "x" ]; then
    echo "Usage: [options] $0 file..." >&2
    echo "-p Copy path information; preserve tree structure"
    exit 1
fi
xclip-copyfile "$@"
if [ "x$1" = "x-p" ]; then
    shift
fi
rm "$@"