I was trying to turn on "3D Anaglyph" and the game said it "ran out of memory

I started a new creative server and I saw my view was too zoomed in to build very well so I went to video settings to see if I could do anything. After I couldn't figure it out I saw a setting called "3D Anaglyph". I wanted to try it out because it said if was off so I taped it to turn it on and my screen froze followed by the game crashing and the launcher opening with a pop up screen saying I ran out of memory and had a button that said "fix this problem". I clicked on it and it brought me to this website: http://hopper.minecraft.net/help/out-of-memory/ . It only told me why this is happening and how to find out how much memory I have, not how to fix this. So I went back to the launcher and saw the the pop up message was gone leaving me this report:

---- Minecraft Crash Report ----
// I'm sorry, Dave.

Time: 1/29/14 8:06 PM
Description: Registering texture

java.lang.OutOfMemoryError: Java heap space
	at brb.a(SourceFile:395)
	at brb.b(SourceFile:370)
	at brb.a(SourceFile:363)
	at brb.a(SourceFile:302)
	at brb.a(SourceFile:279)
	at brb.a(SourceFile:209)
	at bqn.a(SourceFile:48)
	at bqy.a(SourceFile:72)
	at bqy.a(SourceFile:136)
	at brz.c(SourceFile:104)
	at brz.a(SourceFile:92)
	at azi.c(SourceFile:477)
	at bac.a(SourceFile:500)
	at bbe.a(SourceFile:82)
	at bba.a(SourceFile:37)
	at bcv.a(SourceFile:65)
	at bcl.d(SourceFile:232)
	at bcl.k(SourceFile:211)
	at azi.p(SourceFile:1308)
	at azi.ah(SourceFile:760)
	at azi.f(SourceFile:711)
	at net.minecraft.client.main.Main.main(SourceFile:152)


A detailed walkthrough of the error, its code path and all known details is as follows:
---------------------------------------------------------------------------------------

-- Head --
Stacktrace:
	at brb.a(SourceFile:395)
	at brb.b(SourceFile:370)
	at brb.a(SourceFile:363)
	at brb.a(SourceFile:302)
	at brb.a(SourceFile:279)
	at brb.a(SourceFile:209)
	at bqn.a(SourceFile:48)

-- Resource location being registered --
Details:
	Resource location: minecraft:textures/misc/vignette.png
	Texture object class: bqn
Stacktrace:
	at bqy.a(SourceFile:72)
	at bqy.a(SourceFile:136)
	at brz.c(SourceFile:104)
	at brz.a(SourceFile:92)
	at azi.c(SourceFile:477)
	at bac.a(SourceFile:500)
	at bbe.a(SourceFile:82)
	at bba.a(SourceFile:37)
	at bcv.a(SourceFile:65)
	at bcl.d(SourceFile:232)
	at bcl.k(SourceFile:211)

-- Affected screen --
Details:
	Screen name: bcv

-- Affected level --
Details:
	Level name: MpServer
	All players: 1 total; [bkf['jjnelson151'/0, l='MpServer', x=8.26, y=238.62, z=0.11]]
	Chunk stats: MultiplayerChunkCache: 1084, 1084
	Level seed: 0
	Level generator: ID 01 - flat, ver 0. Features enabled: false
	Level generator options: 
	Level spawn location: World: (0,4,0), Chunk: (at 0,0,0 in 0,0; contains blocks 0,0,0 to 15,255,15), Region: (0,0; contains chunks 0,0 to 31,31, blocks 0,0,0 to 511,255,511)
	Level time: 402 game time, 402 day time
	Level dimension: 0
	Level storage version: 0x00000 - Unknown?
	Level weather: Rain time: 0 (now: false), thunder time: 0 (now: false)
	Level game mode: Game mode: creative (ID 1). Hardcore: false. Cheats: false
	Forced entities: 9 total; [vf['Pig'/8601, l='MpServer', x=-8.50, y=237.00, z=46.50], bkf['jjnelson151'/0, l='MpServer', x=8.26, y=238.62, z=0.11], vf['Pig'/8602, l='MpServer', x=-8.50, y=237.00, z=48.50], vf['Pig'/8603, l='MpServer', x=-6.50, y=237.00, z=52.50], vf['Pig'/8606, l='MpServer', x=-8.50, y=237.00, z=52.50], uy['Cow'/8593, l='MpServer', x=49.40, y=237.00, z=-77.40], uy['Cow'/8594, l='MpServer', x=50.60, y=237.00, z=-78.60], uy['Cow'/8595, l='MpServer', x=48.50, y=237.00, z=-73.50], uy['Cow'/8597, l='MpServer', x=45.50, y=237.00, z=-75.50]]
	Retry entities: 0 total; []
	Server brand: vanilla
	Server type: Integrated singleplayer server
Stacktrace:
	at bka.a(SourceFile:289)
	at azi.b(SourceFile:1952)
	at azi.f(SourceFile:720)
	at net.minecraft.client.main.Main.main(SourceFile:152)

-- System Details --
Details:
	Minecraft Version: 1.7.4
	Operating System: Windows 8 (x86) version 6.2
	Java Version: 1.7.0_45, Oracle Corporation
	Java VM Version: Java HotSpot(TM) Client VM (mixed mode, sharing), Oracle Corporation
	Memory: 1115112 bytes (1 MB) / 518979584 bytes (494 MB) up to 518979584 bytes (494 MB)
	JVM Flags: 2 total; -XX:HeapDumpPath=MojangTricksIntelDriversForPerformance_javaw.exe_minecraft.exe.heapdump -Xmx512M
	AABB Pool Size: 30500 (1708000 bytes; 1 MB) allocated, 2 (112 bytes; 0 MB) used
	IntCache: cache: 0, tcache: 0, allocated: 0, tallocated: 0
	Launched Version: 1.7.4
	LWJGL: 2.9.1
	OpenGL: AMD Radeon HD 8330 GL version 4.2.12422 Compatibility Profile Context 13.152.0.0, ATI Technologies Inc.
	GL Caps: Using GL 1.3 multitexturing.
Using framebuffer objects because OpenGL 3.0 is supported and separate blending is supported.
Anisotropic filtering is supported and maximum anisotropy is 16.
Shaders are available because OpenGL 2.1 is supported.

	Is Modded: Probably not. Jar signature remains and client brand is untouched.
	Type: Client (map_client.txt)
	Resource Packs: []
	Current Language: English (UK)
	Profiler Position: N/A (disabled)
	Vec3 Pool Size: 89 (4984 bytes; 0 MB) allocated, 18 (1008 bytes; 0 MB) used
	Anisotropic Filtering: Off (1)

I'm not quite sure what to do but I really hope someone can fix this soon. I also heard minecraft is having a server implosion, what is that? Please help soon and thanks for doing so.

Fellow Crafter,
jjnelson151