Gregory,
Your running into a constant garbage collection cycles in Java... I.E. it might never ever complete. So just quit it and lets look at some things.
This is possibly due to a number of things:
1. too many options checked for pre-processing your file. Don't do any extra operations during import time...it will just slow things down.
2. An Excel file that has is slightly malformed, but that should be saved as a CSV file and then try to import into OpenRefine.
3. Using UTF-8 might not be the best course and could double the amount of memory needed, if you can try just Windows encoding CP-1252 in OpenRefine's encoding importer options. (this might throw away important chars however, so depends on the data you originally have.
Let us know further,