If you delete it, or you want to go to "My Templates" section, you can correct the spelling, maybe you should right-click and click the spelling, that way you won't be bothered with spelling errors anymore.
I copied and pasted a previous image i did bc on the first step i put black rectangles over some words to block it out. copied it and then made the template that way. so i cant fix it really. I just need a way to delete it
Go to imgflip.com/my-templates find the template you want to delete, hit the "view template" button. There will be a red "Delete" button on the template page.