I am trying to get an intuitive idea of how the No-Cloning theorem affects Quantum computation. My understanding is that given a qubit $Q$ in superposition $Q_0 \left| 0 \right> + Q_1 \left| 1 \right>$, NCT states another Qubit $S$ cannot be designed such that $S$ is equivalent to the state of $Q$. 

Now the catch is, what does Equivalent mean? It could mean either that:

1. $S = S_0 \left| 0 \right> + S_1 \left| 1 \right>$ such that $S_0 = Q_0, S_1 = Q_1$.

2. Or it could mean that $S = Q$, meaning that if $S$ is observed to be some value ( for example 0) then $Q$ MUST be that same value, and vice versa. 

So it seems that point 2, occurs anyways in entangled systems (particularly cat-states), so I can eliminate that option and conclude that that No Cloning states, given a qubit $Q$, it's impossible to make another qubit $S$ such that:

$S = S_0 \left| 0 \right> + S_1 \left| 1 \right>$ such that $S_0 = Q_0, S_1 = Q_1$.

Is this correct?