Green’s Dictionary of Slang

model v.

(UK black) to pose, e.g. at a party or club.

[UK]V. Headley Yardie 118: He intended to go and ‘model’ with his girls at the dance.
[US]A. Schulman 23rd Precinct 12: Older teenagers hang around, boys gathering on corners with boom boxes; girls model up and down Third Avenue for them.