Problem:
The user has downloaded a huge file, it may be with a file size of 3 GB or more and when trying to extract the file he is getting the following error:
Resolution:
That simply means that the destination file could not be created because the file name is too long.
In this case download and install 7-Zip
Right click on the said downloaded file and extract the same with 7-zip. During extraction you can create your preferred destination of the file path.