Agree wholeheartedly.
First time I was unemployed after the bubble burst, I was an idiot. I sat around and spent maybe an hour a day on job search sites, posting the same generic resume here and there. Consequently, I was unemployed for over a year. Probably the worst mistake of my life. Oh yeah, I did get a friggin cleric to 50 on DAoC. What did that get me, absolutlely nothing.
After I got a job, I quit MMORPGs forever because I finally could see how much of my time was wasted playing them. The next time I was unemployed (10 months later, I was on a contract position that time) I was unemployed for a little less than a month because I pounded that job search. I tailored resumes, I followed up, I worked HARD to find another job, and it happened.
Now I'm on my 3rd job since then and I'm more confident than ever. But I have a friend who is unemployed who clicks the "apply now" button on monster all the time and SURPRISE nothing happens.