You're encountering the side effect of a fantastic new feature in iOS8's Tableviews: Automatic Row Heights.
In iOS 7, you either had rows of a fixed size (set with tableView.rowHeight), or you'd write code to calculate the height of your cells and you'd return that in tableView:heightForRowAtIndexPath. Writing code for the calculation of a cell's height could be quite complex if you had numerous views in your cell and you had different heights to consider at different font sizes. Add in Dynamic Type and the process was a pain in the ass.
In iOS 8, you can still do the above, but now the height of the rows can be determined by iOS, provided that you've configured the content of your cell using Auto Layout. This is huge benefit for developers, because as the dynamic font size changes, or the user modifies the text size using Accessibility Settings, your UI can be adaptive to the new size. It also means if you have a UILabel that can have multiple rows of text, your cell can now grow to accommodate those when the cells needs to, and shrink when it does not, so there isn't any unnecessary whitespace.
The warning message you're seeing is telling you that there aren't enough constraints in your cell for Auto Layout to inform the tableview of the height of the cell.
To use dynamic cell height, which, along with the techniques already mentioned by other posters, will also get rid of this message, you need to ensure your cell has sufficient constraints to bind the UI items to the top and bottom of the cell. If you've used Auto Layout before, you are probably accustomed to setting Top + Leading constraints, but dynamic row height also requires bottom constraints.
The layout pass works like this, which occurs immediately before a cell is displayed on screen, in a just-in-time manner:
Dimensions for content with intrinsic sizes is calculated. This includes UILabels and UIImageViews, where their dimensions are based on the text or UIImages they contain, respectively. Both of these views will consider their width to be a known (because you've set constraints for trailing/leading edges, or you set explicit widths, or you used horizontal constraints that eventually reveal a width from side to side). Let's say a label has a paragraph of text ("number of lines" is set to 0 so it'll auto-wrap), it can only be 310 points across, so it's determined to be 120pt high at the current font size.
The UI is laid out according to your positioning constraints. There is a constraint at the bottom of the label that connects to the bottom margin of the cell. Since the label has grown to be 120 points tall, and since it's bound to the bottom of the cell by the constraint, it must push the cell "down" (increasing the height of the cell) to satisfy the constraint that says "bottom of the label is always standard distance from the bottom of the cell.
The error message you reported occurs if that bottom constraint is missing, in which case there is nothing to "push" the bottom of the cell away from the top of the cell, which is the ambiguity that's reported: with nothing to push the bottom from the top, the cell collapses. But Auto Layout detects that, too, and falls back to using the standard row height.
For what it's worth, and mostly to have a rounded answer, if you do implement iOS 8's Auto Layout-based dynamic row heights, you should implement tableView:estimatedHeightForRowAtIndexPath:. That estimate method can use rough values for your cells, and it'll be called when the table view is initially loaded. It helps UIKit draw things like the scrollbar, which can't be drawn unless the tableview knows how much content it can scroll through, but does't need totally accurate sizes, since it's just a scrollbar. This lets the calculation of the actual row height be deferred until the moment the cell is needed, which is less computationally intensive and lets your UITableView be presented quicker.
