In plain words
No merit, no sin, no pleasure, no sorrow; no holy water, no holy place, no gift or yajña of mine; I am not the eating, nor what is eaten, nor the eater: my form is consciousness and Ānanda; I am Śiva, I am Śiva.
In this world, fashioned out of what is seen, there is no such thing as merit, no such thing as sin. There is neither pleasure nor sorrow. In this world no holy place, or holy water either, is to be seen anywhere. Meritorious deeds such as dāna, Dharma, yajña and yāga are nowhere at all. Here neither food nor the one who eats it is seen at all. Cidānandarūpaṃ, śivohaṃ. Apart from Cidānanda, divine and full, whose very form is Jñāna, nothing else whatever is seen in this world. What appears to the eye, what sounds in the ears, what the mind senses, what charms the heart, what carries one beyond oneself: all of it is the one Brahman alone! Everything is full of Brahman! On this very ground Vedānta said, ‘Sarvaṃ khalvidam brahma’.
As long as the delusion called identification with the body remains, the Brahman called identification with the Ātma is not attained
Though the things seen, forms and names, appear to us as many and different, what is in them all is one and the same oneness. That itself is cidānandarūpaṃ. Every being, every thing, arises from Ānanda alone. It lives in Ānanda alone. At the last it merges in Ānanda alone. Everything is Ānanda! Apart from Ānanda nothing at all appears to us. But through the delusion of the upādhi, through the thought that the body is the self, many joys and sorrows, troubles and losses appear to us; all these are nothing but man's delusions! As long as the delusion called identification with the body remains, the Brahman called identification with the Ātma is not attained by us at all. Everything has come forth from Brahman alone.