Gr☺uch☺: Save the doc as an html page on to your desk top, it will then (or should) create a folder with the photo/picture in there..
Or you can some times click the image click save then go to your graphics program that is open. click new and paste.. most times that works but it can give you a grainy photo for some reason.. but saving as an htm or html page you normallly get the image the way it was intended to look/

Rose: Smartie. ;) That's what I did (saved to a html file). I didn't know it could be done so I just guessed. Pretty cool. Your second idea I think I tried. I right clicked the image but didn't get a save option. ;)

Gr☺uch☺: how about leftklicking it. then copying it and opening and saving it with a graphic-program?

diogenysos:I find when u do that it doesnt always go in the graphics program as a clean image. It can be grainy or be distorted for some reason. 

Rose: sure. the quality of a graphic may vary. within word, there is no chance to change and/or increase the quality, because word is not the program one should use to embed graphics. unfortunately, naby people just know word and nothing else. if possible, the graphic should be sent as a graphic and not embedded into word. the average graphic with a good quality on a screen is a 72dpi-jpeg file. to be printed it should be minimum 150dpi. there are many easy-to-handle freeware-progs that help people to view and resize graphics. i recommend e.g. "irfan view"

diogenysos: I did that but it saved as a word program ;) Maybe I'm doing it wrong.