Can an Israel and Palastine both exist?

I want to help solve the Israel and Palastine conflict. Is there room for both a land for Palastinians and a land for Isaelis??? Should we keep Isreal as such and have Palastians share a land with Jordan or Syria?? Or can we take a smigeon of land from Israel and call it Palastine?? I just want peace there once and for all. But I would love Jeruselum to still be part of Isreal. Sorry about my spellings.