No, only way to 'cancel' it is to double spend it.
Send the same transaction but with a higher fee, use the same inputs you used on the last transaction.
You most probably used a low fee and thats why its stuck and not being processed.
its saying theres not enough funds now to make another transaction. please help. im freaking out as it was a good amount of money that i dont want to lose. i originally sent it with like a .0001 fee. will it ever get sent?