my %foo; # Store here when fetching fields
my $sth1 = $dbh->prepare ("select * from foo");
$sth1->execute; # added this line after [poj] spotting it was missing
# store foo.blah into $foo{blah}
$sth1->bind_columns (\@foo{@{$sth1->{NAME_lc}}});

my $sth2 = $dbh->prepare ("insert into bar (ape, monkey) values (?, ?)");
# foo.morg => bar.ape, foo.jume => bar.monkey
$sth2->bind_columns (\@foo{qw( morg jume )});
while ($sth1->fetch) {
    $sth2->execute;
    }