A system and method for efficiently performing bit-field extraction and bit-field combination operations in a processor is provided. The system includes a plurality of general purpose registers, a plurality of predicate registers, and at least one execution unit configured to extract a plurality of bit fields from a source reservoir and to populate a plurality of destination lanes in response to a single instruction. In addition, the execution unit is configured to write supplied fill data into the source reservoir if the number of bits in the source reservoir is less than a predetermined number. In addition or alternatively, the system may include at least one execution unit configured to combine a plurality of bit fields from a plurality of source lanes into a continuous bit stream in response to a single instruction executable by the processor.