I tried the "take time off route" once, and while it was alright, I was consumed with thoughts of whether or not I'd ever be able to get a job again, to the point where I couldn't enjoy it simply because I worried about the future (and it wasn't because I only had a few months of runway - living frugally I could have likely stretched my savings to two years or so, but the panic got to me after half a year).
I, quite frankly and totally honestly, don't see any way out at this point. I live life in an aimless fog, with no drive towards anything any more (which also makes it very difficult to do things like study for whiteboard-hazing).