Can someone tell me what the kernel panic means?

I have recently been reciving these errors for no specific reason in my opinion, it happens generally when i'm running a few lightweight apps like google chrome, skype, mail, iTunes, etc. These have been happening on my new (few weeks old) macbook pro. Right now i'm going to retire my Creative headphones to see if that changes anything.
Fri Jul  6 19:34:17 2012
panic(cpu 3 caller 0xffffff80002c4794): Kernel trap at 0xffffff7f817627b1, type 14=page fault, registers:
CR0: 0x0000000080010033, CR2: 0x0000000000000090, CR3: 0x00000001b6614025, CR4: 0x00000000001606e0
RAX: 0x0000000000000080, RBX: 0xffffff80d1667000, RCX: 0x00000000ffffffff, RDX: 0xffffff8011376770
RSP: 0xffffff80f0573d70, RBP: 0xffffff80f0573d90, RSI: 0x0000000000000188, RDI: 0x0000000000000001
R8:  0xffffff80008bdc00, R9:  0xffffff8007062708, R10: 0xfffffe81563a7858, R11: 0x00080000000696b0
R12: 0xffffff80129dc820, R13: 0xffffff8014de4e10, R14: 0xffffff8013e12000, R15: 0x0000000000000077
RFL: 0x0000000000010286, RIP: 0xffffff7f817627b1, CS:  0x0000000000000008, SS:  0x0000000000000010
CR2: 0x0000000000000090, Error code: 0x0000000000000002, Faulting CPU: 0x3
Backtrace (CPU 3), Frame : Return Address
0xffffff80f0573a20 : 0xffffff8000220792
0xffffff80f0573aa0 : 0xffffff80002c4794
0xffffff80f0573c50 : 0xffffff80002da55d
0xffffff80f0573c70 : 0xffffff7f817627b1
0xffffff80f0573d90 : 0xffffff7f81799ca1
0xffffff80f0573dc0 : 0xffffff7f8175f5b2
0xffffff80f0573de0 : 0xffffff80006570fa
0xffffff80f0573e00 : 0xffffff800029dff5
0xffffff80f0573e20 : 0xffffff8000223096
0xffffff80f0573e50 : 0xffffff80002148a9
0xffffff80f0573eb0 : 0xffffff800021bbd8
0xffffff80f0573f10 : 0xffffff80002af140
0xffffff80f0573fb0 : 0xffffff80002dab5e
      Kernel Extensions in backtrace:
         com.apple.driver.AppleIntelHD4000Graphics(7.2.8)[6B02D782-A79F-399C-81FD-353EBF F2AB81]@0xffffff7f81756000->0xffffff7f817bcfff
            dependency: com.apple.iokit.IOPCIFamily(2.7)[C0404427-3360-36B4-B483-3C9F0C54A3CA]@0xffffff 7f8088a000
            dependency: com.apple.iokit.IONDRVSupport(2.3.4)[474FE7E9-5C79-3AA4-830F-262DF4B6B544]@0xff ffff7f80d5c000
            dependency: com.apple.iokit.IOGraphicsFamily(2.3.4)[EF26EBCF-7CF9-3FC7-B9AD-6C0C27B89B2B]@0 xffffff7f80d23000
BSD process name corresponding to current thread: Google Chrome He
Mac OS version:
11E2620
Kernel version:
Darwin Kernel Version 11.4.2: Wed May 30 20:13:51 PDT 2012; root:xnu-1699.31.2~1/RELEASE_X86_64
Kernel UUID: 25EC645A-8793-3201-8D0A-23EA280EC755
System model name: MacBookPro9,2 (Mac-6F01561E16C75D06)
System uptime in nanoseconds: 61282554558647
last loaded kext at 46591335239036: com.apple.driver.AppleUSBCDC          4.1.19 (addr 0xffffff7f80769000, size 16384)
last unloaded kext at 46661807952911: com.apple.driver.AppleUSBCDC          4.1.19 (addr 0xffffff7f80769000, size 12288)
loaded kexts:
com.Creative.driver.THXTruStudioPCUSBAudioPlugin64          1.2.3
com.Symantec.kext.SAVAPComm          11.0.6
com.apple.filesystems.afpfs          9.8.1
com.apple.nke.asp_tcp          6.0.1
com.apple.filesystems.smbfs          1.7.2
com.apple.filesystems.ntfs          3.10.1
com.apple.driver.AGPM          100.12.69
com.apple.driver.X86PlatformShim          5.0.0d8
com.apple.driver.AudioAUUC          1.59
com.apple.driver.AppleMikeyHIDDriver          122
com.apple.driver.AppleUpstreamUserClient          3.5.9
com.apple.driver.AppleHDA          2.2.3f13
com.apple.driver.AppleMikeyDriver          2.2.3f13
com.apple.driver.AppleIntelHD4000Graphics          7.2.8
com.apple.driver.SMCMotionSensor          3.0.2d6
com.apple.driver.AppleSMCPDRC          5.0.0d8
com.apple.iokit.IOUserEthernet          1.0.0d1
com.apple.iokit.IOBluetoothSerialManager          4.0.7f2
com.apple.driver.AppleSMCLMU          2.0.1d2
com.apple.Dont_Steal_Mac_OS_X          7.0.0
com.apple.driver.AudioIPCDriver          1.2.3
com.apple.driver.ApplePolicyControl          3.1.32
com.apple.driver.AppleLPC          1.6.0
com.apple.driver.AppleBacklight          170.2.2
com.apple.driver.AppleMCCSControl          1.0.33
com.apple.driver.AppleIntelFramebufferCapri          7.2.8
com.apple.filesystems.autofs          3.0
com.apple.driver.AppleUSBTCButtons          227.6
com.apple.driver.BroadcomUSBBluetoothHCIController          4.0.7f2
com.apple.driver.AppleUSBTCKeyboard          227.6
com.apple.driver.AppleIRController          312
com.apple.AppleFSCompression.AppleFSCompressionTypeDataless          1.0.0d1
com.apple.AppleFSCompression.AppleFSCompressionTypeZlib          1.0.0d1
com.apple.BootCache          33
com.apple.iokit.SCSITaskUserClient          3.2.1
com.apple.driver.XsanFilter          404
com.apple.iokit.IOAHCISerialATAPI          2.0.3
com.apple.iokit.IOAHCIBlockStorage          2.0.4
com.apple.driver.AirPort.Brcm4331          560.7.21
com.apple.driver.AppleSDXC          1.2.2
com.apple.iokit.AppleBCM5701Ethernet          3.2.4b8
com.apple.driver.AppleUSBHub          5.0.7
com.apple.driver.AppleEFINVRAM          1.6.1
com.apple.driver.AppleSmartBatteryManager          161.0.0
com.apple.driver.AppleAHCIPort          2.3.0
com.apple.driver.AppleFWOHCI          4.8.9
com.apple.driver.AppleUSBEHCI          5.0.7
com.apple.driver.AppleUSBXHCI          1.0.7
com.apple.driver.AppleACPIButtons          1.5
com.apple.driver.AppleRTC          1.5
com.apple.driver.AppleHPET          1.7
com.apple.driver.AppleSMBIOS          1.9
com.apple.driver.AppleACPIEC          1.5
com.apple.driver.AppleAPIC          1.6
com.apple.driver.AppleIntelCPUPowerManagementClient          195.0.0
com.apple.nke.applicationfirewall          3.2.30
com.apple.security.quarantine          1.3
com.apple.security.TMSafetyNet          8
com.apple.driver.AppleIntelCPUPowerManagement          195.0.0
com.apple.driver.AppleUSBAudio          2.8.8f1
com.apple.security.SecureRemotePassword          1.0
com.apple.driver.DspFuncLib          2.2.3f13
com.apple.iokit.IOSurface          80.0.2
com.apple.driver.AppleHDAController          2.2.3f13
com.apple.iokit.IOHDAFamily          2.2.3f13
com.apple.iokit.IOSerialFamily          10.0.5
com.apple.iokit.IOFireWireIP          2.2.5
com.apple.iokit.IOAudioFamily          1.8.6fc18
com.apple.kext.OSvKernDSPLib          1.3
com.apple.driver.AppleSMBusPCI          1.0.10d0
com.apple.driver.AppleGraphicsControl          3.1.32
com.apple.driver.X86PlatformPlugin          5.1.1d6
com.apple.driver.AppleSMC          3.1.3d10
com.apple.driver.IOPlatformPluginFamily          5.1.1d6
com.apple.driver.AppleBacklightExpert          1.0.4
com.apple.iokit.IONDRVSupport          2.3.4
com.apple.driver.AppleSMBusController          1.0.10d0
com.apple.iokit.IOGraphicsFamily          2.3.4
com.apple.kext.triggers          1.0
com.apple.driver.AppleUSBBluetoothHCIController          4.0.7f2
com.apple.iokit.IOBluetoothFamily          4.0.7f2
com.apple.driver.AppleUSBMultitouch          230.5
com.apple.iokit.IOUSBHIDDriver          5.0.0
com.apple.driver.AppleThunderboltDPInAdapter          1.8.4
com.apple.driver.AppleThunderboltDPAdapterFamily          1.8.4
com.apple.driver.AppleThunderboltPCIDownAdapter          1.2.5
com.apple.driver.AppleUSBMergeNub          5.0.7
com.apple.driver.AppleUSBComposite          5.0.0
com.apple.iokit.IOSCSIMultimediaCommandsDevice          3.2.1
com.apple.iokit.IOBDStorageFamily          1.7
com.apple.iokit.IODVDStorageFamily          1.7.1
com.apple.iokit.IOCDStorageFamily          1.7.1
com.apple.iokit.IOSCSIArchitectureModelFamily          3.2.1
com.apple.driver.AppleThunderboltNHI          1.6.0
com.apple.iokit.IOThunderboltFamily          2.0.3
com.apple.iokit.IO80211Family          420.3
com.apple.iokit.IOEthernetAVBController          1.0.1b1
com.apple.iokit.IONetworkingFamily          2.1
com.apple.iokit.IOUSBUserClient          5.0.0
com.apple.iokit.IOAHCIFamily          2.0.8
com.apple.iokit.IOFireWireFamily          4.4.5
com.apple.iokit.IOUSBFamily          5.0.7
com.apple.driver.AppleEFIRuntime          1.6.1
com.apple.iokit.IOHIDFamily          1.7.1
com.apple.iokit.IOSMBusFamily          1.1
com.apple.security.sandbox          177.5
com.apple.kext.AppleMatch          1.0.0d1
com.apple.driver.DiskImages          331.7
com.apple.iokit.IOStorageFamily          1.7.2
com.apple.driver.AppleKeyStore          28.18
com.apple.driver.AppleACPIPlatform          1.5
com.apple.iokit.IOPCIFamily          2.7
com.apple.iokit.IOACPIFamily          1.4

BSD process name corresponding to current thread: Google Chrome He
It's a problem with Chrome and your graphics card. There is a new version of Chrome out that fixes the problem. Download it and try it and call back if symptoms persist.
Good luck,
Clinton

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