Well, after a quick trip to the 24hr wal-mart, This is what I left with(along with deodorant lol)
Bottle of fiberglass resin, package of fiberglass cloth, and some 3M rubberized undercoating, for a grand total of $24.00 I went this route as a Suggestion of a buddy who runs a body shop. He did, of course say the only way to permanently stop and prevent it is to cut out the rust, weld in new metal, and paint. But, he said "its not a show car or anything and this will hold for a long time, for short cash" which is why I bought that stuff.. I'm hopefully doing it all on thursday after work, I'll let you guys know how it goes!