Sorry but you are nowhere near.
code is a mess http://validator.w3.org/check?uri=http%3A%2F%2Ftest.egytimeline.com%2Fdemo%25202.2.html&charset=%28detect+automatically%29&doctype=Inline&group=0&user-agent=W3C_Validator%2F1.3+http%3A%2F%2Fvalidator.w3.org%2Fservices
Lacks features and needs a ton more to it to complete here in this category
Typography and colours are not good
the full width subscribe field does not really work
Just picking at random:http://themeforest.net/item/floto-responsive-under-construction-template/8431161
You can see the attention to detail and refinement in their designs as well as the features and elements they offer
its unique for the wrong reasons.
It does not work properly on mobile (menu mis aligned)
As mentioned graphics need a complete rethink
Typography needs attention throughout
No social icons
With all due respect I do think you are wasting your time trying to polish this though
I think the review says it all. I actually do not think it is bad at all (footer could be improved and some of the portfolio effect/typography etc)
BUT it does resemble so many other son here in this very popular style. You will definitely need to find something unique to add to it but as a starting bock it is great.
Opt 1: Are trying to use the ‘Installable WordPress File Only’ (as in Bianca’s image)
Opt 2: Are you sure you have the WP theme and NOT a HTML file?
Opt 3: Are you using your own hosting and domain NOT WordPress.com
Opt 4: Unzip the theme folder and use ftp to install it (this would be my choice assuming options 2 and 3 are ok).