1. A method for creating content in a portable terminal, comprising: selecting a composite mode from a camera menu after executing a camera function; displaying an image selected by a user on a preview screen; capturing an image of at least one object that is recognized within an image being received by a camera in the portable terminal; extracting at least one object from image data input through the camera according to a compactness of pixels corresponding to an edge portion of each object recognized by the camera unit; and creating the content by combining the captured image of the at least one object with the image selected by the user.