-May also be used without the O, pronounced "clutch mo-dell"-
1: A can or bottle of Modelo beer purchased to complement any other alcoholic beverage with the intent of the Modelo being your back-up in case you run out of alcohol.
2: A response to the action of someone being "clutch", or performing under pressure when being heavily relied upon.
"I bought this 6-pack of beer along with a clutch modelo."
person 1: "Yo I was able to get you a ticket to the sold-out Rusko show in the last minute"
person 2: "Clutch Mo-dell"