I have a list about 20 items long. I'd probably spend a good portion of that two months trying to decide which project to take up lol.

I got laid off from my job at the beginning of summer. Over the summer I helped a startup (which I thought I was going to be partners with but they decided otherwise), made some small demos exploring some interaction ideas, and spent time interviewing for other positions / traveling for a couple weeks.

Some of the interaction ideas were intended for another mini startup idea, but after demoing prototypes I wasn't happy enough with the response - it was a "oh that's neat" but not enough "please take my money". I'm now trying reapplying the ideas to a use case with a more interesting business plan.

On the plus side, I now have an on-going part-time contract job where I work from home. Surprisingly I almost make the same if not more money now with less hours, go swimming during lunch, and have time to focus on side projects.

I'm seriously thinking about moving closer to the mountains.

Do I recommend getting laid off/quitting? No. I was honestly freaking out for the first 2-3 months of summer. I was a bit lucky that I already had some companies calling me a week after I was laid off.

Do I recommend always putting in a couple hours every day on a side project? Yes. Get some idea of whether your idea will work out or not, and do your customer problem/solution interviews. Go to coffee shops/libraries to help concentrate.

I would definitely like to work on something that can provide me some passive income later. I don't have any good idea for that. If not that I may work on some design projects of other startups to sharpen my skills or may be some Wordpress themes. Interested in knowing what cool ideas other people have.

The two months is the easy part. Finding funding to live on the meantime is, well, so difficult that it's effectively impossible. I'm a contractor right now and 100% of my time goes to survival. I have infinite ideas, any one of which could make a lot of money, but no way to justify working on them when I'm perpetually behind on rent.

The exact same question, plus one month, was asked a week ago, to the day:

http://news.ycombinator.com/item?id=4554345

Nice discussion but it isn't exactly the same question. Here OP is asking about people ideas to making something(most probably applications) instead of learning something in two months time.

I'd go to Maui, and later resign. ;)