Aah! Such a timely post, because i just started working on my clutch hydraulics, too!

Agree with SV_Dude.
Completely dropping to the floor, suggests total loss of compression due to gross leak (not seeping), OR piston in clutch master cylinder not pumping anymore.
Leak is easy to inspect.
Just follow the system from the push rod (attached to clutch pedal)
Push Rod End of Clutch Master Cylinder | Flickr - Photo Sharing!
... To the Master Cylinder
Clutch Master Cylinder & reservoir | Flickr - Photo Sharing!
Make sure your clutch reservoir is full and you have the right & good fluid in there- Old fluid loses hydraulic properties and could clog system.
... follow the lines to the Clutch Release Cylinder (seen here from underneath the truck and passenger side of the transmission box on a
First Gen U.S.A. model)
Clutch Release From Passenger (U.S.) Side | Flickr - Photo Sharing!
If master cylinder is bad:
It is not compressing the fluid anymore (akin to a French coffee press) because gasket around piston is worn out, or inner surface of cylinder is damaged/gouged. MC can be taken apart, inspected and lithium Soap Base Glycol Grease applied to gasket (Per Chilton's manual). If cylinder surface is damaged, MC needs to be replaced. The beauty of earlier, simpler 4Runners is that parts are inexpensive.
If spongy (but not losing fluid):
Air in lines - needs bleeding.
Bad fluid (had lost hydraulic properties)- needs replacing
MC starting to go bad going bad - inspect, service or replace.
Sorry, It may be unethical to post scans of cylinder breakdown from manual.
Regards from a new guy in the community,
RAD