In plain words
The dance was wonderful. The two feet could not keep to the ground. Every one of the members of the assembly who watched this dance was filled with great wonder. As soon as the dance was over, the Mahārāja brought coins on a plate and handed them to the dancer. Then the man dressed as the dancer: “O King! These coins are far too few for me; I want more,” she said. Then the King: “Yesterday you did not want coins at all. Today you say these coins are not enough. What is this strange thing?” he said. “Conduct to suit the costume,” the man replied. “Yesterday I wore the costume of Śaṅkarācārya, and I showed the conduct that suited it. Today I have put on the costume of a dancer. I am asking for the money that suits the dance,” he explained.
Because people today do not live by the dharma of each āśrama, the country is falling into much turmoil and unrest
The inner meaning of this is that in the world, whether in brahmacarya, gṛhastha, vānaprastha or sannyāsa, in no āśrama's dharma does conduct go on as its circumstances require, and that is why this country has had to fall into unrest of many kinds. Only when students, in their student days, have conduct that befits them will their tradition be truly great. If a student has no conduct that befits a student, it brings disgrace on the student's tradition itself. If a teacher does not have the conduct that befits a teacher, it brings disgrace on that tradition itself. When the conduct that befits a householder declines among householders, it disgraces the householder's tradition itself. So, in whatever time and in whatever country we live our life, we must shape it to suit the place, the time and the person. In divinity too such holy and wondrous conduct is to be seen.