procedure TForm1.Button1Click(Sender: TObject);
var
 f: THandle;
 buffer: array [0..MAX_PATH] of Char;
 i, numFiles: Integer;
begin
 if not Clipboard.HasFormat(CF_HDROP) then Exit;
 Clipboard.Open;
 try
  f := Clipboard.GetAsHandle(CF_HDROP);
  if f <> 0 then
  begin
  numFiles := DragQueryFile(f, $FFFFFFFF, nil, 0);
  memo1.Clear;
  for i := 0 to numfiles - 1 do
  begin
  buffer[0] := #0;
  DragQueryFile(f, i, buffer, SizeOf(buffer));
  memo1.Lines.Add(buffer);
  end;
  end;
 finally
  Clipboard.Close;
 end;
end;