2. In stasis, or semi-nomadic state, surviving on bare minimum or below normal standards of living.
There are a couple ways this can pop up. A highly regarded actor that usually appears in dramatic, "serious" works can appear in "low brow" entertainment (e.g. Dame Judi Dench in The Chronicles of Riddick, Marlon Brando in Superman), someone famous taking a role considered damaging to their public image (e.g. Patrick Stuart in Masterminds), or otherwise a highly talented individual accepting a role on a project that they should have recognized was doomed from the start (e.g. Laurence Olivier in Inchon). Money and/or contractual obligation are usually the reasons, but many seem to genuinely want the role.
Typically, an actor or actress that is slumming it will look hilariously out of place in the film. Whether it's because they're horribly miscast or because they turn out to be the only competent element of the work varies from case to case.