The Nike Customizable Shoe Clone using Three.js is a project that allows users to customize a 3D shoe model with different colors and textures, similar to the Nike custom shoe feature. The project is built using the Three.js library for 3D rendering and React for the user interface. Users can interact with the shoe model by rotating and zooming in/out. The project is intended to demonstrate the capabilities of Three.js and React for building interactive 3D experiences on the web.