Does being awake mean being conscious? This study investigates Mind Blanking (MB), characterized by an "emptiness of mind", comparing it with Mind Wandering (MW) and On-task (ON) states. Using a sustained attention task and electroencephalogram monitoring on 26 participants, behavioral and neurophysiological signatures of MB were examined. MB exhibited a specific pattern of behavioral lapses, as well as decreased fast oscillatory activity and complexity over posterior electrodes compared to MW. Functional connectivity analyses also revealed decreased frontal-posterior connectivity during MB and event-related potentials indicated a disruption in late-stage visual processing, suggesting a lack of conscious access to sensory information during MB. EEG-based neural features enabled trial-level prediction of mental states, furnishing estimates of the fine-grained dynamics of consciousness beyond subjective reports. Overall, these findings challenge the notion of continuous wake consciousness, suggesting that MB represents genuine gaps in our stream of thoughts.