In plain words
The poet, to the Lord: You became the six limbs and the four Vedas and, standing as their Lord, you dwell within them as their meaning. O you of abounding wealth and auspicious qualities, who lay in the wide sea on the bed of the red-eyed serpent [Ādiśeṣa] with hooded heads! Are you not the one whose body was the colour of the conch [in the first age], and the bearer of the bow Śārṅga [as Rāma]?