JSFiddle - React, Tailwind, and code Playground

HTML

<script src="https://cdnjs.cloudflare.com/ajax/libs/vue/0.12.10/vue.js"></script>
<div id="selectApp">

	<div v-repeat="dynamicSelects">
		
		{{key}}
	    <!-- THIS WORKS: <select v-model="setReps1" options="setReps1"></select> -->
		<select v-model="{{key}}" options="{{key}}"></select>

	</div>	



	<pre>{{$data|json}}</pre>
</div>

JavaScript

new Vue({

		el: document.querySelector("#selectApp"),

		data: {

			dynamicSelects: [
				{key: "setReps1"}
			],

			setReps1: [
				{text: "0", value: 0}
			]

		}
	});