You all do know that this thread is almost two years old, right? XD
Wow.. Been a long time since I posted here o.O.
*Warning*By doing this, you will lose any and all the information that was on the drive!*Warning*
To fix it, I went into Control Panel, and then went into Administrative Tools. After this, I clicked on Computer Management. Then, on the left side of the Computer Management window, click on Disk Management. In here, I was able to format the USB Drive by right-clicking on the drive and pressing format. Since there was nothing important on it anyway (got it free from a friend), I wasn't worried about the data on it. This is how I fixed it. Ofcourse, I'm sure their are other nondestructive ways of fixing it, but this is how I did it.
Once again.... Wow... Two years since I've been here. O.O
Hope this helps you all.