It will keeps crashing

This is the crash report.

---- Minecraft Crash Report ----
// But it works on my machine.

Time: 7/17/14 4:24 PM
Description: Registering texture

java.lang.OutOfMemoryError: Java heap space
	at cro.a(SourceFile:281)
	at cro.a(SourceFile:271)
	at cro.a(SourceFile:205)
	at cra.a(SourceFile:47)
	at crl.a(SourceFile:56)
	at crl.a(SourceFile:38)
	at cno.b(SourceFile:117)
	at cno.a(SourceFile:105)
	at cno.a(SourceFile:336)
	at cno.b(SourceFile:370)
	at bwm.a(SourceFile:249)
	at bwm.a(SourceFile:107)
	at bxe.a(SourceFile:36)
	at bxa.a(SourceFile:548)
	at che.b(SourceFile:1013)
	at bqx.aq(SourceFile:893)
	at bqx.a(SourceFile:307)
	at net.minecraft.client.main.Main.main(SourceFile:120)


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

-- Head --
Stacktrace:
	at cro.a(SourceFile:281)
	at cro.a(SourceFile:271)
	at cro.a(SourceFile:205)
	at cra.a(SourceFile:47)

-- Resource location being registered --
Details:
	Resource location: minecraft:textures/misc/enchanted_item_glint.png
	Texture object class: cra
Stacktrace:
	at crl.a(SourceFile:56)
	at crl.a(SourceFile:38)
	at cno.b(SourceFile:117)
	at cno.a(SourceFile:105)
	at cno.a(SourceFile:336)

-- Item being rendered --
Details:
	Item Type: ake@741848
	Item Aux: 0
	Item NBT: null
	Item Foil: true
Stacktrace:
	at cno.b(SourceFile:370)
	at bwm.a(SourceFile:249)
	at bwm.a(SourceFile:107)
	at bxe.a(SourceFile:36)
	at bxa.a(SourceFile:548)

-- Screen render details --
Details:
	Screen name: bxa
	Mouse location: Scaled: (195, 105). Absolute: (586, 485)
	Screen size: Scaled: (427, 267). Absolute: (1280, 800). Scale factor of 3

-- Affected level --
Details:
	Level name: MpServer
	All players: 1 total; [cgi['Akshat101'/0, l='MpServer', x=-0.91, y=237.00, z=-2.42]]
	Chunk stats: MultiplayerChunkCache: 380, 380
	Level seed: 0
	Level generator: ID 01 - flat, ver 0. Features enabled: false
	Level generator options: 
	Level spawn location: 0.00,4.00,0.00 - 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: 49 game time, 49 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: 1 total; [cgi['Akshat101'/0, l='MpServer', x=-0.91, y=237.00, z=-2.42]]
	Retry entities: 0 total; []
	Server brand: vanilla
	Server type: Integrated singleplayer server
Stacktrace:
	at cch.a(SourceFile:308)
	at bqx.b(SourceFile:2224)
	at bqx.a(SourceFile:316)
	at net.minecraft.client.main.Main.main(SourceFile:120)

-- System Details --
Details:
	Minecraft Version: 14w29b
	Operating System: Windows 7 (x86) version 6.1
	Java Version: 1.7.0_51, Oracle Corporation
	Java VM Version: Java HotSpot(TM) Client VM (mixed mode, sharing), Oracle Corporation
	Memory: 8627232 bytes (8 MB) / 518979584 bytes (494 MB) up to 518979584 bytes (494 MB)
	JVM Flags: 2 total; -XX:HeapDumpPath=MojangTricksIntelDriversForPerformance_javaw.exe_minecraft.exe.heapdump -Xmx512M
	IntCache: cache: 0, tcache: 0, allocated: 0, tallocated: 0
	Launched Version: 14w29b
	LWJGL: 2.9.1
	OpenGL: Intel(R) HD Graphics GL version 2.1.0 - Build 8.15.10.2622, Intel
	GL Caps: Using GL 1.3 multitexturing.
Using GL 1.3 texture combiners.
Using framebuffer objects because ARB_framebuffer_object is supported and separate blending is supported.
Shaders are available because OpenGL 2.1 is supported.
VBOs are available because OpenGL 1.5 is supported.

	Using VBOs: No
	Is Modded: Probably not. Jar signature remains and client brand is untouched.
	Type: Client (map_client.txt)
	Resource Packs: []
	Current Language: English (US)
	Profiler Position: N/A (disabled)

I have NO idea what this means plz help you are the only people that can