For me it seems to hang. May just be very slow. It does open the GUI window, your output suggest it doesn't.
I just tried the file. Opening Vim took about a minute with Vim running at 100% CPU after which Vim became responsive. I then scrolled down by repeating 99<PageDown> and just before I reached the bitmap part of the XPM file Vim crashed. I've tried a few times and it crashes every time, but only after reaching the bitmap part.
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