Abstract Radial velocity (RV) surveys have discovered giant exoplanets on au-scale orbits with a broad distribution of eccentricities. Those with the most eccentric orbits are valuable laboratories for testing theories of high-eccentricity migration. However, few such exoplanets transit their host stars, thus removing the ability to apply constraints on formation from their bulk internal compositions. We report the discovery of Kepler-1704 b, a transiting 4.15 M _J giant planet on a 988.88 day orbit with an extreme eccentricity of 0.921 − 0.015 + 0.010 . Our decade-long RV baseline from the Keck I telescope allows us to measure the orbit and bulk heavy-element composition of Kepler-1704 b and place limits on the existence of undiscovered companions. A failed hot Jupiter, Kepler-1704 b was likely excited to high eccentricity by scattering events that possibly began during its gas accretion phase. Its final periastron distance was too large to allow for tidal circularization, so now it orbits its host from distances spanning 0.16–3.9 au. The maximum difference in planetary equilibrium temperature resulting from this elongated orbit is over 700 K. A simulation of the thermal phase curve of Kepler-1704 b during periastron passage demonstrates that it is a remarkable target for atmospheric characterization from the James Webb Space Telescope, which could potentially also measure the planet’s rotational period as the hot spot from periastron rotates in and out of view. Continued characterization of the Kepler-1704 system promises to refine theories explaining the formation of hot Jupiters and cool giant planets like those in the solar system.