In the task of semi-supervised video object segmentation, the input is the binary mask of an object in the first frame, and the desired output consists of the corresponding masks of that object in the subsequent frames. Existing leading solutions have two main drawbacks: 1) an expensive and typically-supervised training on videos; 2) a large memory footprint during inference. Here we present a training-free solution, with a low-memory footprint, that yields state-of-the-art results. The proposed method combines pre-trained deep learning-based features (trained on still images) with more classical methods for streaming-data clustering. Designed to adapt to temporal concept drifts and generalize to diverse video content without relying on annotated images or videos, the method eliminates the need for additional training or fine-tuning, ensuring fast inference and immediate applicability to new videos. Concretely, we represent an object via a dynamic ensemble of temporally- and spatially-coherent mixtures over a representation built from pre-trained ViT features and positional embeddings. A convolutional conditional random field further improves spatial coherence and helps reject outliers. We demonstrate the efficacy of the method on key benchmarks: the DAVIS-2017 and YouTube-VOS 2018 validation datasets. Moreover, by the virtue of the low-memory footprint of the compact cluster-based representation, the method scales gracefully to high-resolution ViT features. Our code is available at https://github.com/BGU-CS-VIL/Training-Free-VOS