After an evening wasted, I realized what the problem was. After scouring the Apple forums, I realized that I have to give Windows an unformatted 50 GB space to do with as it pleases, since any other format (NTFS included) was greek to the OS. So I did just that. Turns out, Windows split that space into 2 partitions – 1 49 GB disk with NTFS format and 1 200 MB disk with Mac OS Extended format.
Now, here’s the thing. Mac supports NTFS, no matter how reluctantly, but Windows has never cared to understand Mac OS Extended. Why then, it was formatting that small segment in that format, I know not.
The end result? Currently, I have Win 8.1 in a VM.
Update: God knows why, but I tried again, this time with a different ISO and a different approach. If there’s one thing that’s consistent about Microsoft, it’s their inconsistency. The process failed in a whole new way. I’m done with Bootcamp. VMware wins my money. Now and forever.