I want to note that the .clone() method in jQuery only clones DOM elements. In order to clone JavaScript objects, you would do:
// Shallow copy
var newObject = jQuery.extend({}, oldObject);
// Deep copy
var newObject = jQuery.extend(true, {}, oldObject);
More information can be found in the jQuery documentation.
I also want to note that the deep copy is actually much smarter than what is shown above – it's able to avoid many traps (trying to deep extend a DOM element, for example). It's used frequently in jQuery core and in plugins to great effect.