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I have an 8GB Sony USB memory stick and only 49 MB are being detected. I've tried on multiple USB ports and tried formatting it several times.

I checked it for errors and it said none are found. I want to use it to install Windows 8 off of but 49MB is way too small.
By the way, what's the most universally accepted name: thumbdrive, usb memory stick, jump drive, flash drive (I thought flash memory was for digital cameras)?
I wonder if you have two partitions on it (which windows won't pick up). The alternative is the disk could be faulty. – Journeyman Geek – 2015-02-15T03:55:12.893
@JourneymanGeek Luu Vinh Phuc was right, I copied a bootable ISO to it and the new partition is only 49MB. The trouble is in diskmgmt.msc the option to extend the partition is greyed out. – Celeritas – 2015-02-16T03:52:53.963