In plain words
Ūtalamu means the vāsana of karma. Jaya and Vijaya were very great. They were the gatekeepers of Mahāviṣṇu. This does not fall to just anyone's lot. They lived in such a lofty, excellent, exalted place. But because rajoguṇa and tamoguṇa filled them and danced wildly within them, they fell under the curse of the maharṣis (Sanatkumāra). Jaya and Vijaya, who had been in the very presence of Mahāviṣṇu far away, came to be born as rākṣasas. What was the cause! Look at their place, and it was a very great place. They had no humility and obedience, the essence of the Veda. Just because they lacked that humility and obedience, the ṛṣis cursed them, saying such ones should not be in God's presence. They came to be born as rākṣasas.
The one who was a rākṣasa through and through was Hiraṇyakaśipu. But the one who was in the womb of Līlāvatī, Hiraṇyakaśipu's wife, was an utter rākṣasa. But through Nārada's teaching and Nārada's instruction, the rākṣasa born from that womb turned into a great devotee: Prahlāda. The one born from a rākṣasa's womb attained divinity. The one who was in God's presence attained the nature of a rākṣasa. So what is the cause of this? Their qualities alone are the cause. So, though one is born among men and has the form of a man, if his quality is a rākṣasa's quality, he is a rākṣasa and not a man. But if he has a rākṣasa's form and his qualities are divine qualities, he is God and not a rākṣasa. Qualities are the measure of good and bad; qualities alone are the basis, not forms. So we must develop our qualities today; we must see that our conduct is holy. A life without conduct is no life. So the Vedas are the very form of authority for man. Of these three, humility and obedience are the essence of the Ṛg Veda. The power to hold firm means that, whatever troubles arise, whatever hardships arise, whatever obstacles we meet, we must keep up the power to hold firm to what we have believed, without wavering in the least. This alone is the essence of the Yajur Veda. With these two we can develop our humanness to any extent. The third, the essence of the Sāma Veda, is discernment. How to conduct oneself with whom. How to be humble before elders. How we should speak with them. How we should be when we go to officials.