आत्मैवेदं जगत्सर्वमात्मनोऽन्यन्न विद्यते ।मृदो यद्वद्घटादीनि स्वात्मानं सर्वमीक्षते ॥ ४८ ॥
In plain words
This whole world is the Self and nothing but the Self; look for a second thing and you will not find one. Pots, jars, lamps — all of it is clay and only clay. That is how such a person sees everything: as his own Self.
Close to the Sanskrit
The Self alone is this whole world; other than the Self nothing is found. Just as pots and the like are of clay, so he sees everything as his own Self.