"A year of unemployment? Lonely, depressing, and not good on a resume."
A year of unemployment seems significantly less depressing than this statement. What if you were to travel (or hike/explore your local area), focus on quality time with your family, friends, or dog? This to me seems way less depressing than grinding on some meaningless side-project, and as a hiring manager at a FAANG I would absolutely look at a year on someone's CV spent on these activities as a positive rather than a negative.