Woodrow Wilson Fellowship- unsure about applying

On my common application for JHU, I checked yes for my intent to apply for the fellowship. Now that the deadline is getting closer (due this Friday) and I still don’t have much of an idea of what to write the required essay about, I don’t really want to apply anymore. However, do you think it would affect me negatively when an admissions officer sees that I intended to apply for the fellowship but then backed out of it?