You can reproduce it by modify exmaple ~qt4.x.src/examples/draganddrop/draggableicons/dragwidget.cpp
Replace Line #110 ( drag->setPixmap(pixmap); ) with

Qt Code:
  1. Qt Code:
  2. static unsigned char drag_bits[] = { 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x7f, 0x00, 0x00, 0x41, 0x00, 0x00, 0x41, 0x00, 0xff, 0xc1, 0x0f, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x7f, 0xf0, 0x0f, 0x40, 0x10, 0x00, 0x40, 0x10, 0x00, 0xc0, 0x1f, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00, 0x00};
  3. QBitmap pixmap = QBitmap::fromData( QSize(20, 20), drag_bits, QImage::Format_Mono);
  4. pixmap.setMask(QPixmap::grabWidget(this).createHeuristicMask(true));
  5. drag->setPixmap((QPixmap)pixmap);
To copy to clipboard, switch view to plain text mode 
The cusor will be color, not mono