Taken out of context in this case, I'm afraid- and misquoted too (the use of the word "only" is unwarranted, implying an emphasis that Jesus himself did not).
...but it has everything to do with reassuring and guiding Peter, who is asking Christ "Where are you going?".
Ok, then let us put it back into context (and in the process possibly alienate some) and we will see that steamforthis quoted it quite well...
John 14:2-4
2 In My Fathers house are many dwelling places; if it were not so, I would have told you; for I go to prepare a place for you. 3 If I go and prepare a place for you, I will come again and receive you to Myself, that where I am, there you may be also. 4 And you know the way where I am going.
Peter asked the question at the end of chapter 13. His response is above. So tell me, is Jesus ONLY preparing a place for Peter? Is He ONLY coming again to receive Peter? If you say 'yes,' then take a Sharpie marker and cross out this section, for it is not for you. But since other scripture tells us that Jesus is returning for His church I tell you confidently that these verses are for the church, not just Peter.
Also, if you insist 'yes,' then Matthew 16:23 reveals to us that Peter himself is Satan. For your reading here so literally must be performed elsewhere for sure. But I digress.
John 14:5
5 Thomas said to Him...
Wait, our context shifted away from Peter? What? And it won't specifically come back to him [when it shifts to Philip in a moment]? Ah, but we can overlook that...it isn't important.
John 14:5-7
5 Thomas *said to Him, Lord, we do not know where You are going, how do we know the way? 6 Jesus *said to him, I am the way, and the truth, and the life; no one comes to the Father but through Me.
7 If you had known Me, you would have known My Father also; from now on you know Him, and have seen Him.
Ok, so to Thomas' question Jesus says: "I am the [ONLY] way, and the truth, and the life;"
Darn, I couldn't help inserting 'ONLY' in that statement. It seems to right to do so. Where did I get that?? Oh where could it have come from??
Ahh....the very next statement from Jesus: "NO ONE comes to the Father but through Me."
He DID NOT say "Peter, you can't come to the Father..." or "Thomas, you certainly can't come to the Father...." No. He said "No one....comes to the Father.....except through Me." So what other way is there to the Father? Only one. And who is Jesus talking about? "No one." That's everybody. For not one of 'everybody' will come to the Father except through Jesus.
Not by good works. Not by a loving attitude. Not by helping elderly women across busy streets. Only by the name of Jesus is one saved.
Acts 16:29-32
29 And he called for lights and rushed in, and trembling with fear he fell down before Paul and Silas, 30 and after he brought them out, he said, Sirs, what must I do to be saved?
31 They said, Believe in the Lord Jesus, and you will be saved, you and your household. 32 And they spoke the word of the Lord to him together with all who were in his house.
The jailor asked, "what must I do to be saved?"
And they answered him: nothing, it is predetermined whether you will be saved.
Hmm. Nope.
And they answered him: love. All you need to do is love you atheist you!
Hmm. Nope.
They said: You must do.... The jailor has a part to play. He can accept the Word or reject the Word. They said: You must do...believe in the Lord Jesus to be saved.
Brian McLaren has a good commentary on that passage- it has nothing to do with the kind of exclusivism that conservative Protestants want it to mean, but it has everything to do with reassuring and guiding Peter, who is asking Christ "Where are you going?". But by all means, if you want to worship a phony savior of theology divorced from sound exegesis, then go for it.
McLaren? You mean the same McLaren who embraces homosexuality? And did so publicly only
after finding out his son was gay? This McLaren? McLaren? One of the leaders of the emergent church? This McLaren? Hmm. No thanks.
And if my disdain is considered "exclusivism," then I'll stick with Jesus and the Bible over politically correct colored views of hypocrisy.