How to fix com.android.builder.internal.aapt.AaptException: Failed to crunch file?

Question

I have the latest version of Android Studio (as of Sep 21, 2016). When I create a brand new project in Android Studio and try to build it, I am getting this build error:

Answer 1

Amazing. It's 2016 and Google's tool chain still has these annoying file path limitations.

Error: File path too long on windows, keep below 240 characters

Move project further up your project file path and the problem goes away!