<playlist.m3u xargs(1) -I % cp(1) /originalpath/% /destination
Before a command is executed, its input and output may be redirected using a special notation interpreted
by  the  shell.   Redirection  may  also  be used to open and close files for the current shell execution
environment.  The following redirection operators may precede or appear anywhere within a simple  command
or may follow a command.  Redirections are processed in the order they appear, from left to right.

Redirecting Input
    Redirection  of  input  causes  the  file  whose name results from the expansion of word to be opened for
    reading on file descriptor n, or the standard input (file descriptor 0) if n is not specified.

    The general format for redirecting input is:

           [n]<word
build and execute command lines from standard input
-I replace-str
       Replace occurrences of replace-str in the initial-arguments with names read from  standard  input.
       Also,  unquoted  blanks  do  not  terminate  input  items;  instead  the  separator is the newline
       character.  Implies -x and -L 1.
copy files and directories
Copy SOURCE to DEST, or multiple SOURCE(s) to DIRECTORY.
source manpages: xargscp