-I
option replaces occurrences of replace-str
in the initial-arguments with names read from standard input.
For example:
find . -type f | xargs -I file cp file dest_dir
Should solve your problem.
More details in the following tutorial:
http://www.cyberciti.biz/faq/linux-unix-bsd-xargs-construct-argument-lists-utility/
Especially the part about {}
as the argument list marker