Native deep cloning

It's called "structured cloning", works experimentally in Node 11 and later, and hopefully will land in browsers. See this answer for more details.

Fast cloning with data loss - JSON.parse/stringify

If you do not use Dates, functions, undefined, Infinity, RegExps, Maps, Sets, Blobs, FileLists, ImageDatas, sparse Arrays, Typed Arrays or other complex types within your object, a very simple one liner to deep clone an object is:

JSON.parse(JSON.stringify(object))

const a = {
  string: 'string',
  number: 123,
  bool: false,
  nul: null,
  date: new Date(),  // stringified
  undef: undefined,  // lost
  inf: Infinity,  // forced to 'null'
  re: /.*/,  // lost
}
console.log(a);
console.log(typeof a.date);  // Date object
const clone = JSON.parse(JSON.stringify(a));
console.log(clone);
console.log(typeof clone.date);  // result of .toISOString()

See Corban's answer for benchmarks.

Reliable cloning using a library

Since cloning objects is not trivial (complex types, circular references, function etc.), most major libraries provide function to clone objects. Don't reinvent the wheel - if you're already using a library, check if it has an object cloning function. For example,

• lodash - cloneDeep; can be imported separately via the lodash.clonedeep module and is probably your best choice if you're not already using a library that provides a deep cloning function
• AngularJS - angular.copy
• jQuery - jQuery.extend(true, { }, oldObject); .clone() only clones DOM elements
• just library - just-clone; Part of a library of zero-dependency npm modules that do just do one thing. Guilt-free utilities for every occasion.

ES6 (shallow copy)

For completeness, note that ES6 offers two shallow copy mechanisms: Object.assign() and the spread syntax. which copies values of all enumerable own properties from one object to another. For example:

var A1 = {a: "2"};
var A2 = Object.assign({}, A1);
var A3 = {...A1};  // Spread Syntax

Well, the problem is that the variable i, within each of your anonymous functions, is bound to the same variable outside of the function.

ES6 solution: let

ECMAScript 6 (ES6) introduces new let and const keywords that are scoped differently than var-based variables. For example, in a loop with a let-based index, each iteration through the loop will have a new variable i with loop scope, so your code would work as you expect. There are many resources, but I'd recommend 2ality's block-scoping post as a great source of information.

for (let i = 0; i < 3; i++) {
  funcs[i] = function() {
    console.log("My value: " + i);
  };
}

Beware, though, that IE9-IE11 and Edge prior to Edge 14 support let but get the above wrong (they don't create a new i each time, so all the functions above would log 3 like they would if we used var). Edge 14 finally gets it right.

ES5.1 solution: forEach

With the relatively widespread availability of the Array.prototype.forEach function (in 2015), it's worth noting that in those situations involving iteration primarily over an array of values, .forEach() provides a clean, natural way to get a distinct closure for every iteration. That is, assuming you've got some sort of array containing values (DOM references, objects, whatever), and the problem arises of setting up callbacks specific to each element, you can do this:

var someArray = [ /* whatever */ ];
// ...
someArray.forEach(function(arrayElement) {
  // ... code code code for this one element
  someAsynchronousFunction(arrayElement, function() {
    arrayElement.doSomething();
  });
});

The idea is that each invocation of the callback function used with the .forEach loop will be its own closure. The parameter passed in to that handler is the array element specific to that particular step of the iteration. If it's used in an asynchronous callback, it won't collide with any of the other callbacks established at other steps of the iteration.

If you happen to be working in jQuery, the $.each() function gives you a similar capability.

Classic solution: Closures

What you want to do is bind the variable within each function to a separate, unchanging value outside of the function:

var funcs = [];

function createfunc(i) {
  return function() {
    console.log("My value: " + i);
  };
}

for (var i = 0; i < 3; i++) {
  funcs[i] = createfunc(i);
}

for (var j = 0; j < 3; j++) {
  // and now let's run each one to see
  funcs[j]();
}

Since there is no block scope in JavaScript - only function scope - by wrapping the function creation in a new function, you ensure that the value of "i" remains as you intended.