The Paste Replace Word feature allows you to replace the identifier under the caret with the word on the clipboard without selecting this identifier.
The Paste Replace Word feature works in C#, Visual Basic, XAML and HTML code.
Copy a word to the clipboard. You can use the Smart Cut and Copy feature in C# and VB code.
Place the caret on an identifier.
Press Ctrl + B to replace the identifier with the word on the clipboard.
The following screencast demonstrates how to replace the Color property value with the value on the clipboard in XAML code: