That's a pretty huge archive file.
Now, I don't know which method of extraction you are trying (ie: right-clicking and choosing Extract Here or Extract To..., or if you are opening the archive inside winrar or winzip). I would suggest you try to extract the archive in pieces if you can. If the archive contains a bunch of files, try opening it in the program and just extracting a few folders or files at a time until you get it all out.
If it is all one file inside the archive, then I don't know what to suggest.