। ॥ ७२१ ॥
In plain words
Lord of everything, dependent on nothing, knowing everything — by these qualities and others like them, he stands highest of all. His desires are true. His will is true. That is Īśvara.
Close to the Sanskrit
By the qualities beginning with lordship over all, independence, and omniscience, Īśvara is the highest of all, one whose desires are true, one whose will is true.