Like what other people are saying, this may not be the best solution depending on what sort of data you are trying to handle.
If you really need this, you may want to consider using Javascript and having an "editable" DIV. I've never tried this myself, but I've always kept it as an option in case I wanted an alternative to the very limited textarea form element.
I would just start here and do a bit more research into the topic:
http://stackoverflow.com/questions/1188581/how-to-make-a-div-editable-cross-browser
Theoretically this shouldn't have any limit on how much text it contains or you can paste into it as far as I know.