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.
This pretty seriously ticks me off. Why in the world would a company delete something that far ranging without at least sending an email to the customer or broadcasting it on every platform possible? I used clip art on a regular basis....making cards, mailing labels, chore charts, papers for my homeschool, etc. It would have been nice to be able to save off all those clip art graphics to my own drive before MS Office did one of their lovely updates and removed everything. Personally, I detest Bing and I'm not even remotely interested in getting involved with anything involving copyright law. Maybe it's time to make the journey to Open Office at last. Buh bye Microsoft!