Windows was unable to complete the format

I'm having very annoying issues with a 750 gb hard drive. It failed to boot, and I figured it was dead, but I still wanted to save it. So I've been trying to find a way to at-least use the drive again. When I try formatting it with the regular windows format function, it says "Windows was unable to complete format". And when i try it with the administrative tools, it says the same thing. Anything you smart people can think of?

http://www.partitionwizard.com/free-partition-manager.html