Hello mrfatboy,
Most likely the slave cylinder seals have been leaking for some time. You can refill the resevoir and pump the pedal about a hundred times and most likely get it working again. Or follow the bleeding procedures. However you will need to replace the seals in the slave soon. It is a simple cylinder with one seal on a piston and a rubber boot. It is easy to remove and rebuild.
The difficulty is bleeding it and getting the right parts since there are several versions. Always have the chassis number handy when ordering these parts.
I strongly suggest ordering the rubber hydraulic hose also. Like old brake hoses they become restricted with age. A new clutch hose usually makes an amazing difference in the responsiveness of the clutch pedal and the ease of operation of th pedal and clutch. Not to mention a system with a restricted hose is even more difficult to bleed.
While you got everything apart consider rebuilding the master cylinder also. If you use the front brake caliper to back-flush and bleed the system after repairs, you may want to make sure the brake fluid is also fresh and clean! So as you see the job can be a simple specific repair or a days worth of other preventative repairs!
I have used a pump oiler with fresh brake fluid in it to back flush and bleed the clutch system. Hook up to the bleeder on the slave cylinder.
Some have suggested dismounting the slave cylinder and and allow the piston to move more then compressing it to force air to the resevoir, this works also.
Not all the master cylinders have a bleeder and it is not much use anyway.
Surprisingly about 100 complete strokes of the pedal will slowly restore and bleed the system in most cases. The system is vertical so air will eventually work its way to the resevoir and out if you exersize the pedal enough. It may slowly begin to respond afer 50 strokes or more.
The slave cylinder must be adjusted to have just a bit of freeplay when the clutch pedal is at top rest. If adjusted too loose the pedal may not return. If adjusted too tight the clutch may not fully engage eventually causing the clutch to wear and slip.
Joe Alexander
Blacklick, Ohio