। ॥ ८९ ॥
In plain words
What the word "cow" names is cowness itself — and yet what gets grasped as its referent is this one cow here. "I" runs the same way: what it names is paramātman, the supreme Self, and through delusion what is taken as its meaning is the ego.
Close to the Sanskrit
The meaning of the word 'cow' is cowness; yet an individual is cognized as its referent. The meaning of 'I' is the supreme Self; in the same way, through delusion, the ego is taken as its referent.