The correct interpretation of the key feature of the model \( y = 128 - 8x \) is:
Before any servings are poured, the jug contains 128 ounces of water.
This is evident because when \( x = 0 \) (representing no servings poured), \( y = 128 - 8(0) = 128 \). The other options do not accurately reflect the function's behavior.