Yes, it is a variety. From Kenta S's identification in the comments, $R=k+(x,y)(x-1,y-1)k[x,y]\subset k[x,y]$. I claim that $$\{x(x-1),x(y-1),y(x-1),y(y-1),x^2(x-1),x^2(y-1),y^2(x-1),y^2(y-1)\}$$ forms a set of generators for $R$ as a $k$-algebra. To show this, it suffices to prove that every element of $(x,y)(x-1,y-1)$ can be written as a polynomial in these generators.
To do this we'll work backwards. Suppose $f\in (x,y)(x-1,y-1)$ and $\deg f = d > 1$: I claim that we can write $f=f'+p$ for $p$ a polynomial in the generators, $f'\in (x,y)(x-1,y-1)$, and $\deg f' < \deg f$. To accomplish this, if the coefficient of $x^iy^j$ with $i+j=d$ is nonzero in $f$, we can remove it as follows:
- If $i=2a,j=2b$: subtract a constant multiple of $(x(x-1))^a(y(y-1))^b$.
- If $i=2a+1,j=2b$: note that at least one of $a,b$ is positive, so subtract either a constant multiple of $(x^2(x-1))(x(x-1))^{a-1}(y(y-1))^b$ or $y^2(x-1)(x(x-1))^a(y(y-1))^{b-1}$.
- If $i=2a,j=2b+1$: the same logic shows we can subtract either a constant multiple of either $(x^2(y-1))(x(x-1))^{a-1}(y(y-1))^b$ or $y^2(y-1)(x(x-1))^a(y(y-1))^{b-1}$.
- If $i=2a+1,j=2b+1$: subtract a constant multiple of $(x(x-1))^a(y(y-1))^b(x(y-1))$.
So it suffices to show that if $f=cx+dy+e$ for $c,d,e\in k$ is in $(x,y)(x-1,y-1)$, we can write it as a polynomial in the above generators. But we must have $e=0$ and $c+d=0$ for this to be true, so $f=c(x-y)=c(xy-y-xy+x)=c(y(x-1)-x(y-1))$ and we're done.
\operatorname{Spec}. – joriki Jan 13 '24 at 08:58