This plugin will scan your thumbnail-less posts and look for a suitable image to use as a thumbnail. 
It will look for images linked in the post content and will download and add them to the local library. 
Post scanning is performed only when <code>the_post_thumbnail</code> or <code>get_the_post_thumbnail</code> are called for 
that particular post.
So you designed your new thumbnail-based template, but you have tons of thumbnail-less posts and 
don’t want to spend too much time on scraping your old posts for a thumbnail picture. Maybe you 
think you will probably forget to set a thumbnail for your new posts. Maybe both, as was my case :).
When a thumbnail for a post is queried and nothing is found this plugin will scrape the post for 
an <code><img></code> tag and its <code>href</code> property. Once a suitabile image is found (based on the configured 
settings), it will be downloaded ad set as the post thumbnail. If no suitable image is found, 
a default one will be used.
This plugin is still in early development state. It just covers my needs (see the “To do” section 
for more details). It has been tested only with wordpress 3.0.1, but should work also with 2.9, 
since I used similar code with 2.9 (even if it was included in my template’s <code>functions.php</code>).
The plugin is not supported. This doesn’t mean that I will not look into submitted bugs. Anyway, 
don’t expect prompt answers, since this is done in my spare time.
<h3>To do</h3>
Many things should be done in future releases. Here are some:
<ul>
<li>Current version always downloads selected linked images. This works good with images hosted on external sites. 
If your posts link to images hosted in your media library, you will end up with two images.</li>
<li>A more user friendly name should be used for images added to the library (e.g. Thumbnail for post …)</li>
<li>Somewhere, a button to reset the “previously scanned” status of all posts should be provided (on current version, 
you cas set or reset it for single posts in the edit page.</li>
<li>“previously scanned” status should probably be reset (or at least you should be asked to) when publishing a 
updating an existing post</li>
</ul>
More ideas are wellcome.

Automatic Thumbnail Generator

Automated on-demand generation of posts thumbnails.

michele.settembre

This plugin was created to make easier the life of people that want to get pictures, images, photos from the web, rather than download your image on your computer and, then, upload it in your media library, you can paste the image url in the field and get it from the web straight in your media library. Afterword you can click to set the post thumbnail and you will find the aquired image in your media library, ready to be inserted in your post.
This plugin is a simple box, activate the plugin, follow the settings link, activate the option to see the new form in the post thumbnail metabox in the post edit page and it’s done!
I created this plugin mainly for me, when I was creating websites I incurred the need to quickly grab some of my photos from another website ands that was the reason of this idea, it is something like creating a tunnel from one site to another to transfer images.

Post Thumbnail from URL

Post Thumbnail From URL is a plugin to quickly import images from the web straight to your Media Library using a public URL.

Automatic Thumbnail Generator vs Post Thumbnail from URL