Updating Screen Events

I love Minecraft and love playing it. I have recently gotten a laptop for Christmas and I downloaded Java and everything. I go on Minecraft, have some fiun, and suddenly, it says that Minecraft has Crashed! I shrug it off, thinking it's the server. This has happened hundreds of times now, and I'm sick of it. I looked at the error and it said it was Updating Screen Events, which I don't know what that is. Here is the error report:

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Minecraft has stopped running because it encountered a problem; Updating screen events

A full error report has been saved to C:\Users\Julia Lupin\AppData\Roaming\.minecraft\crash-reports\crash-2013-01-05_23.04.20-client.txt - Please include a copy of that file (Not this screen!) if you report this crash to anyone; without it, they will not be able to help fix the crash

— BEGIN ERROR REPORT 8bbe5893 --------
Full report at:
C:\Users\Julia Lupin\AppData\Roaming\.minecraft\crash-reports\crash-2013-01-05_23.04.20-client.txt
Please show that file to Mojang, NOT just this screen!

Generated 1/5/13 11:04 PM

– Head –
Stacktrace:
at java.lang.Thread.start0(Native Method)
at java.lang.Thread.start(Unknown Source)
at atv.A_(SourceFile:88)
at aul.a(SourceFile:98)
at net.minecraft.client.Minecraft.a(SourceFile:456)
at bey.a(SourceFile:186)
at aul.a(SourceFile:72)
at bey.a(SourceFile:414)
at aul.d(SourceFile:127)
at aul.m(SourceFile:111)

– Affected screen –
Details:
Screen name: atv
Stacktrace:
at net.minecraft.client.Minecraft.l(SourceFile:1086)
at net.minecraft.client.Minecraft.J(SourceFile:582)
at net.minecraft.client.Minecraft.run(SourceFile:534)
at java.lang.Thread.run(Unknown Source)

– System Details –
Details:
Minecraft Version: 1.4.6
Operating System: Windows 8 (x86) version 6.2
Java Version: 1.7.0_10, Oracle Corporation
Java VM Version: Java HotSpot(TM) Client VM (mixed mode), Oracle Corporation
Memory: 458068184 bytes (436 MB) / 519110656 bytes (495 MB) up to 1037959168 bytes (989 MB)
JVM Flags: 2 total; -Xms512m -Xmx1024m
AABB Pool Size: 0 (0 bytes; 0 MB) allocated, 0 (0 bytes; 0 MB) used
Suspicious classes: No suspicious classes found.
IntCache: cache: 0, tcache: 0, allocated: 3, tallocated: 63
LWJGL: 2.4.2
OpenGL: Intel(R) HD Graphics 3000 GL version 3.1.0 - Build 9.17.10.2849, Intel
Is Modded: Probably not. Jar signature remains and client brand is untouched.
Type: Client (map_client.txt)
Texture Pack: Default
Profiler Position: N/A (disabled)
Vec3 Pool Size: ~_ERROR~ NullPointerException: null

java.lang.OutOfMemoryError: unable to create new native thread
at java.lang.Thread.start0(Native Method)
at java.lang.Thread.start(Unknown Source)
at atv.A_(SourceFile:88)
at aul.a(SourceFile:98)
at net.minecraft.client.Minecraft.a(SourceFile:456)
at bey.a(SourceFile:186)
at aul.a(SourceFile:72)
at bey.a(SourceFile:414)
at aul.d(SourceFile:127)
at aul.m(SourceFile:111)
at net.minecraft.client.Minecraft.l(SourceFile:1086)
at net.minecraft.client.Minecraft.J(SourceFile:582)
at net.minecraft.client.Minecraft.run(SourceFile:534)
at java.lang.Thread.run(Unknown Source)
— END ERROR REPORT e6af1744 ----------

Please help with this problem! Thank you