In plain words
Each one's experience is his own. In this dream there is no connection at all with … waking. A man dreams that his friend has tormented him in …ways. Getting up at dawn and seeing the friend: ‘O friend! … me … you gave me so much pain,’ and when he asks this: ‘You madman! I have not even seen you!’ … answers. That is, he himself created the friend. He himself made up the torments he gave … … he himself made up. So all the experiences that happen in the dream state are confined to … itself and do not reach out to anyone. Joy and sorrow are experienced in the dream… … itself. It is this subtle body that takes rebirth according to karma.
In it, Manas is the chief. It is this Manas that makes everything come into being. Manomūla… … jagat. The whole world is made of Manas. Though Manas is one, it has come to have various names according to the various karma… … it does. Because it makes resolves and unmakes them, … the name Manas. Because it examines what is eternal and what is not, it is named Buddhi. Because it … unceasingly, it has another name, citta. When it identifies itself with the body, it is named Ahaṅkāra. Manas, Buddhi, citta and Ahaṅkāra: these are only other names of Manas. The form that is all … together is the antaḥkaraṇa.
So both waking and dream are only things man has made up. The third is suṣupti. … means good. Ṣupti means sleep. Good sleep. This is the state in which there is no Manas. With no Manas, there is no … either. Because there is no world, there is neither joy nor sorrow. This world lasts only as long as Manas … . These joys and sorrows last only as long as the world is wound about us. So the root cause of … sorrow is the world. The cause of the world is Manas. That is why ‘Mana… …va manuṣyāṇāṃ kāraṇaṃ bandhamōkṣayōḥ.’ Thus. For every bondage and every freedom, … Manas alone is the root cause. Itē, the state beyond all of these is the state of the Ātma. Because man identifies himself with these bodies of waking, dream and deep sleep, he is forgetting the Ātma. Itē, for … experiences, the Ātma alone is the basis.
mṛtpiṇḍamēkaṃ bahu bhāṇḍarūpaṃ - gōkṣīramēkaṃ bahudhēnu jātaṃ suvarṇamēkaṃ bahu bhūṣaṇāni - ēkaṃ parātmā bahudēhavarti.
Though … is one, the forms it makes are many. Though the ornaments are many… … , the gold stays one.