Ipod touch wont restore(not a regular situtation)

I bought a 1st generation Ipod off Craigslist, the guy had it jailbroken or w.e with Blackrain. I didnt like it, and unknowingly did a factory reset from the settings menu ON THE IPOD. It did a little restore or w.e and now its just stuck on the ipod logo screen with the spinny-thing on it. I TRIEDDD holding down little buttons and stuff but that doesnt work, itunes doesnt let me restore it, give me an error message. How do i fix this? Its really pissing me off because i bought an ipod and cant use it.. -__-