samchr wrote:
...and a little more detail about my swap space:
Size: 59GB
Page Ins: 1,148,437
Page Outs: 652,364
I've just had that exact same problem. I've looked at my /private/var/vm/ folder (where the swap files are) and it adds up to exactly 59 GiB (GibiBytes) or 63.35 GB (GigaBytes. I have a feeling that 64 GB is the max, and forming another "swapfile63" (at 1.07 GB or exactly 1 GiB) would exceed the 64 GB Max, even though it would only be only 60 GiB.
I've read somewhere else that exactly 8 swap files was the max in the past (they were referring to Mac OS X 10.4 Tiger) I believe. I am running the kernel in 32-bit mode Mac OS X 10.7.4, I know that usually doesn't have anything to do with virtual memory since it's been 42-bit (or 48, or 64 bit) for a while anyway.
It appears now that 63 swap files are the maximum now, again I was running Mac OS X 10.7.4 Lion. I'm running something newer now with the 64-bit kernel booted up by default, but I'm not sure I'll replicate the maximum VM size again to see if the 64-bit kernel makes any difference.
The first two swap files were 64 MiB, then 128 MiB, 256 MiB, 512 MiB, then "swapfile5" and up were 1 GiB till it stopped at "swapfile62" for a total of 63 swapfiles. The first swapfile is "swapfile0" at 64 MiB. Again this ads up to exactly 59 GiB or 63.35 GB; suggesting a arbitrary limit of 64GB (not 64 GiB). (And yes, I had plenty of space left on the startup volume)
Here's an image of my Swap Folder ("vm" folder) and a smaller sample of it:


That's the last swapfile62 it will create, then the offending app will "pause", instead of "not responding".
(Total of 59 GiB; 63 swap files)