You can talk to Gabbro to learn how to meditate. This instantly skips the loop you’re on.
Why would I want to do this? Or is it just so I don't have to wait out the whole loop if something goes wrong? If it’s spoiler-y, please use spoiler formatting.
As you've noticed, meditating lets you end the loop without waiting it out. This is useful when you no longer want to continue the loop, but can't or don't want to let your character die.
It essentially works like dozing off next to a campfire, except that it can be done from anywhere and doesn't let you wake yourself up.
