Bhāṣya
पञ्चानां भूतानामेकैकं द्विधा विभज्य स्वार्धभागं विहायार्धभागं चतुर्धा विभज्येतरेषु योजिते पञ्चीकरणं मायारूपदर्शनमध्यारोपापवादाभ्यां निष्प्रपञ्चं प्रपञ्च्यते ॥
In plain words
Take the five elements. Split each one in half. Leave its own half untouched, cut the other half into four, and give one quarter to each of the remaining elements. That is pañcīkaraṇa, quintuplication — and what stands revealed in it is the very shape of māyā. By adhyāropa and apavāda, by laying the world on and then taking it back off, that in which no manifoldness exists is spread out in words.
Close to the Sanskrit
Of the five mahābhūtas, the great elements, having divided each one in two, having left aside its own half portion, having divided the other half into four, and having joined those portions to the other elements—this is pañcīkaraṇa, a showing of the form of māyā. Through adhyāropa, superimposition, and apavāda, retraction, what is free of the manifold is expounded.