Muammar al Ghadaffi has been in power since 1969, when he was only 27 years old.
After 41 years of absolute power, he is now fully convinced that, as he said two days back, Libya is his.
Although he (possibly only subconsciously) knows that this is the end for him and his regime, it is a psychological impossibility for him to accept that fact. His world is collapsing and he is at a complete loss what to do next.
Meanwhile, as for Libya? Once freed from theocracy, what will be next? Democracy or theocracy? Only time will tell.