Volume erase failed could not unmount disk
I have a Mac book Pro running 10.5.8 OSX. I'm trying to use Time Machine (need to replace the hard drive), and I bought a 1TB Toshiba portable hard drive. I read the instructions on the drive, which say that to use Time Machine, I'll need to reformat the drive as an HFS+. I found instructions to do that through Disk Utility --> Erase, with selecting Mac OS Extended from the Volume Format option. However, I keep getting the following message: "Volume erase failed. Could not unmount disk." I'm new to most of this, and have no idea what unmounting the disk is, much less how to resolve this. I found a thread that said to check my computer's name, which I did, but that didn't seem to help.
MacBook Pro, Mac OS X (10.5.8)