storing 'serial monitor' data in some text file

is it possible to store the "Serial Monitor" data, directly to some textfile ? like data being transmitted serially in real time can be stored in text file.

thank you

im pretty sure you can use hyperterminal for that if you're using windows

windows 7 doesn't have hyperterminal :/ do you have any alternative ?

Thankyou very much sir.. i got it :)