why not just use your text editor to do it for you? In the options do you not have a "status line" option or anything? or does it HAVE TO BE a command you want?
Did you really enter the command just like that? If you did, then wc is sitting there patiently waiting for input from stdin, and it will wait forever.
Exactly how big is this file?
Is it a text file with normal unix text file record terminator of line-feed?
It is fixed length records? If so, you can calculate the number of records without counting them.