It apparently hasn't worked for a very long time. Copy some tricks from
the already-deleted win32.mak to make it work: Use /MDd rather than /MD
when compiling in Debug mode, and replace /GZ with /RTC1, to silence a
deprecation warning from the compiler
# Please replace the default options from the commandline if necessary
#
!IFNDEF CUSTOMCLOPT
-CUSTOMCLOPT=/nologo /MD /W3 /wd4018 /EHsc
+CUSTOMCLOPT=/nologo /W3 /wd4018 /EHsc
+!IF "$(CFG)" == "Release"
+CUSTOMCLOPT=$(CUSTOMCLOPT) /MD
+!ELSE
+CUSTOMCLOPT=$(CUSTOMCLOPT) /MDd
+!ENDIF
!ELSE
!MESSAGE CL option $(CUSTOMCLOPT) specified
!ENDIF
!IF "$(CFG)" == "Release"
CPP_PROJ=$(CPP_PROJ) /O2 /D "NDEBUG"
!ELSEIF "$(CFG)" == "Debug"
-CPP_PROJ=$(CPP_PROJ) /Gm /ZI /Od /D "_DEBUG" /GZ
+CPP_PROJ=$(CPP_PROJ) /Gm /ZI /Od /D "_DEBUG" /RTC1
!ENDIF
.c{$(INTDIR)}.obj::