In plain words
The poet, of the Lord: Red-eyed Māl came forth [from the ocean of milk] so that the fetters of his parents [Devakī and Vasudeva] fell away, and in the form of a peerless dwarf [Vāmana] he strode across the world his foe [Mahābali] held. The gods stand with joined hands, bringing strung flowers, and praise his red feet, fine as lotus flowers; and I, alas, was not there to do the same.