I dunno what to tell you..
so it has a big knot in it and won't wind for you? could you wind them into small balls? instead of fighting with the ribbon yarn?
or ask someone to hold it in their arms (while you wind it?
DON'T CHUNK IT YET~~ If all else fails put it aside in a baggie, close it up, and leave it for tomorrow~!sometimes inspiration (or a break) gives you a different solution~!
Sorry you are so frutstrated~!
When I first started knitting I tried Lion Chenille Thick n quick.. I finally had to throw in the towel~!