The correct interpretation of a key feature of the model \( y = 128 - 8x \) is:
Before any servings are poured, the jug contains 128 ounces of water.
This statement reflects the y-intercept of the function, which is the amount of water in the jug (128 ounces) when \( x = 0 \) (before any servings are poured). The other statements are not accurate interpretations of the model.