Choose folders to be ignored during search in VS Code

Question

Right now when I use ⌘+O to search for files, the fuzzy matching appears to operate over all files in the current project. Unfortunately, this includes

Answer 1

Extending the most voted answer, now there is an extension to achieve what is described there to toggle quickly in a GUI way. It's called Explorer Exclude. You can install this with this command:

ext install RedVanWorkshop.explorer-exclude-vscode-extension

Demo: