Since a "Two State Solution" is a Non-Starter, How Realistic is a "Three State Solution"?

Sorry, Mr. Fatah, but given that Israel is the target of an ongoing jihad, and that Iran, with the complicity of various Arab nations, including Egypt and Libya, is the one that's adding fuel to the fire (both figuratively and literary--i.e. "missiley"), a "three state solution" has about as much chance of flying as a cooked and stuffed Thanksgiving turkey.