This badge used to be rewarded for people who clipped 1 clip each week for a month, and each clip must get at least 50 viewers.

According to Twitch: "Clip Champs allows you to earn recognition for supporting your favorite creators by making and sharing clips. At the 1st of every month, users who achieved Clip Champ status during the previous month will be notified. These Clip Champs will receive an exclusive channel badge that, when equipped, appears when you chat in the channel where you’ve earned Clip Champ status."

This badge cannot be obtained anymore, Since Twitch killed this Feature/System.

[WEB ARCHIVE PAGE] https://web.archive.org/web/20180223062822/https://help.twitch.tv/customer/portal/articles/2918323-clip-champs-guide