। ॥ ५६ ॥
In plain words
The individual soul is the captain of a boat pierced with nine holes — and a thoroughly lazy captain at that. Because he never plugs those holes, the boat fills with water and keeps sinking, again and again.
Close to the Sanskrit
The individual soul, master of a boat furnished with nine holes, is thoroughly lazy; because those holes are never blocked, filled with water, it keeps sinking down continually.