Pump the clutch pedal 4 times and see if the pedal disengages more. If so there is air in the system. If not look for bent components under the dash.
An upside down banjo will reduce the effective pedal stroke.
If your clutch pedal is not 1" above the brake pedal at rest you have issues under the dash.
If stabbing the clutch pedal quickly with only one stroke gives you full disengagement but pushing it normally does not - you have a bad umbrella seal in your master cylinder. Also if the clutch slowly re-engages after if fully disengaged and holding it down, you have a bad umbrella seal in your master cylinder.
If you have less than 1 1/8" travel at the slave - you have either bent components or a problem with the hydraulic system.
[This message has been edited by phonedawgz (edited 01-08-2012).]