Meaning, if the UN will sponsor a non-peace "solution", and dictate Judenfrei land of Israel sections including Jerusalem, given that this is in opposite to the entire Oslo accord, Israel will also withdraw from Oslo accord and maintain its own self interests.
Two articles give the full picture:
* Israel threatens unilateral steps if UN recognizes Palestinian state (Haaretz)
* If Palestinians declare state, Israel weighing annexation' (JPost)
Interesting nugget found towards the end of Haaretz article is that Netanyahu has already decided not to present a new peace plan in a complete reversal to previous American and Israeli statements. I guess Israel figured out any further attempts to appease Obama and his Nazi Arab "Palestinian" friends is futile.