How do I increase the storage of my VS code? My local host isn’t running at all and it keeps saying I’m at memory limit

I just ran my code as I usually do and it started taking so much time to output then after a while, it’ll fail and I’ll have to run it again but now, it’s just taking time and failing. No output so I can’t even see results of what I’m doing.

I tried chatGPT but I didn’t understand what it meant about expanding storage on VS code so here I am looking for more solutions.
This is what I’m getting
FATAL ERROR: Reached heap limit Allocation failed - JavaScript heap out of memory and then some other lines I don’t understand