Put the summary of the bug you're having here

---- Minecraft Crash Report ----
// Daisy, daisy...

Time: 3/26/15 10:20 AM
Description: Updating screen events

java.lang.IllegalStateException: failed to create a child event loop
at io.netty.util.concurrent.MultithreadEventExecutorGroup.<init>(MultithreadEventExecutorGroup.java:68)
at io.netty.channel.MultithreadEventLoopGroup.<init>(MultithreadEventLoopGroup.java:49)
at io.netty.channel.nio.NioEventLoopGroup.<init>(NioEventLoopGroup.java:61)
at io.netty.channel.nio.NioEventLoopGroup.<init>(NioEventLoopGroup.java:52)
at lm$1.a(SourceFile:44)
at lm$1.b(SourceFile:41)
at np.c(SourceFile:10)
at lm.a(SourceFile:121)
at avf.a(SourceFile:1941)
at axw.i(SourceFile:172)
at axw.a(SourceFile:135)
at axv.a(SourceFile:350)
at axv.k(SourceFile:413)
at axw.k(SourceFile:81)
at axv.p(SourceFile:390)
at avf.s(SourceFile:1497)
at avf.av(SourceFile:888)
at avf.a(SourceFile:325)
at net.minecraft.client.main.Main.main(SourceFile:124)
Caused by: io.netty.channel.ChannelException: failed to open a new selector
at io.netty.channel.nio.NioEventLoop.openSelector(NioEventLoop.java:128)
at io.netty.channel.nio.NioEventLoop.<init>(NioEventLoop.java:120)
at io.netty.channel.nio.NioEventLoopGroup.newChild(NioEventLoopGroup.java:87)
at io.netty.util.concurrent.MultithreadEventExecutorGroup.<init>(MultithreadEventExecutorGroup.java:64)
... 18 more
Caused by: java.io.IOException: Unable to establish loopback connection
at sun.nio.ch.PipeImpl$Initializer.run(PipeImpl.java:101)
at sun.nio.ch.PipeImpl$Initializer.run(PipeImpl.java:68)
at java.security.AccessController.doPrivileged(Native Method)
at sun.nio.ch.PipeImpl.<init>(PipeImpl.java:170)
at sun.nio.ch.SelectorProviderImpl.openPipe(SelectorProviderImpl.java:50)
at java.nio.channels.Pipe.open(Pipe.java:155)
at sun.nio.ch.WindowsSelectorImpl.<init>(WindowsSelectorImpl.java:127)
at sun.nio.ch.WindowsSelectorProvider.openSelector(WindowsSelectorProvider.java:44)
at io.netty.channel.nio.NioEventLoop.openSelector(NioEventLoop.java:126)
... 21 more
Caused by: java.net.SocketException: Permission denied: connect
at sun.nio.ch.Net.connect0(Native Method)
at sun.nio.ch.Net.connect(Net.java:457)
at sun.nio.ch.Net.connect(Net.java:449)
at sun.nio.ch.SocketChannelImpl.connect(SocketChannelImpl.java:647)
at java.nio.channels.SocketChannel.open(SocketChannel.java:189)
at sun.nio.ch.PipeImpl$Initializer$LoopbackConnector.run(PipeImpl.java:130)
at sun.nio.ch.PipeImpl$Initializer.run(PipeImpl.java:83)
... 29 more

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

– Head –
Stacktrace:
at io.netty.util.concurrent.MultithreadEventExecutorGroup.<init>(MultithreadEventExecutorGroup.java:68)
at io.netty.channel.MultithreadEventLoopGroup.<init>(MultithreadEventLoopGroup.java:49)
at io.netty.channel.nio.NioEventLoopGroup.<init>(NioEventLoopGroup.java:61)
at io.netty.channel.nio.NioEventLoopGroup.<init>(NioEventLoopGroup.java:52)
at lm$1.a(SourceFile:44)
at lm$1.b(SourceFile:41)
at np.c(SourceFile:10)
at lm.a(SourceFile:121)
at avf.a(SourceFile:1941)
at axw.i(SourceFile:172)
at axw.a(SourceFile:135)
at axv.a(SourceFile:350)
at axv.k(SourceFile:413)
at axw.k(SourceFile:81)
at axv.p(SourceFile:390)

– Affected screen –
Details:
Screen name: ayb
Stacktrace:
at avf.s(SourceFile:1497)
at avf.av(SourceFile:888)
at avf.a(SourceFile:325)
at net.minecraft.client.main.Main.main(SourceFile:124)

– System Details –
Details:
Minecraft Version: 1.8.3
Operating System: Windows 8.1 (amd64) version 6.3
CPU: 4x Intel(R) Core(TM) i3-4030U CPU @ 1.90GHz
Java Version: 1.8.0_25, Oracle Corporation
Java VM Version: Java HotSpot(TM) 64-Bit Server VM (mixed mode), Oracle Corporation
Memory: 115781400 bytes (110 MB) / 307040256 bytes (292 MB) up to 1060372480 bytes (1011 MB)
JVM Flags: 6 total; -XX:HeapDumpPath=MojangTricksIntelDriversForPerformance_javaw.exe_minecraft.exe.heapdump -Xmx1G -XX:+UseConcMarkSweepGC -XX:+CMSIncrementalMode -XX:-UseAdaptiveSizePolicy -Xmn128M
IntCache: cache: 0, tcache: 0, allocated: 13, tallocated: 95
Launched Version: 1.8.3
LWJGL: 2.9.4
OpenGL: Intel(R) HD Graphics 4400 GL version 4.2.0 - Build 10.18.10.3412, Intel
GL Caps: Using GL 1.3 multitexturing.
Using GL 1.3 texture combiners.
Using framebuffer objects because OpenGL 3.0 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)

What I expected to happen was...:
Describe what you thought should happen here
I thought that I could get on and play Minecraft

What actually happened was...:
Describe what happened here
It crashed before it loaded

Steps to Reproduce:
1. Put a step by step guide on how to trigger the bug here
2. ...
3. ...