सर्वभूतेभ्यः समुद्रिक्तत्वात् उदीर्णः ।सर्वतः सर्वे स्वचैतन्येन पश्यतीति सर्वतश्चक्षुः, 'विश्वतश्चक्षुः' इति श्रुतेः ।न विद्यतेऽस्येश इति अनीशः, 'न तस्येशे कश्चन' इति श्रुतेः ।शश्वद्भवन्नपि न विक्रियां कदाचिदुपैति इति शाश्वतस्थिरः इति नामैकम् ।लङ्कां प्रति मार्गमन्वेषयन् सागरं प्रति भूमौ शेते इति भूशयः ।स्वेच्छावतारैः बहुभिः भूमिं भूषयन् भूषणः ।भूतिः भवनं सत्ता, विभूतिर्वा ; सर्वविभूतीनां कारणत्वाद्वा भूतिः ।विगतः शोकोऽस्य परमानन्दैकरूपत्वादिति विशोकः ।स्मृतिमात्रेण भक्तानां शोकं नाशयतीति शोकनाशनः ॥अर्चिष्मानर्चितः कुम्भो विशुद्धात्मा विशोधनः ।
In plain words
Because He stands transcendent above all beings, He is Udīrṇa. Because He perceives everything directly through His own inherent consciousness, He is Sarvataścakṣuḥ, echoing the scriptural phrase 'Having eyes universally.' Because no superior controls Him, He is Anīśa, as the Veda declares: 'No one whatsoever rules over Him.' Because He remains eternally unchanging despite constant manifestation, He is Śāśvatasthiraḥ. Because He lay upon the earth near the ocean while seeking a passage to Laṅkā, He is Bhūśayaḥ. Because He beautifies the earth through His many voluntary descents, He is Bhūṣaṇaḥ. The name Bhūti signifies existence, origin, reality, or divine power, given that He is the source of all manifestations. Because His very essence is absolute bliss, He is Viśokaḥ—free from sorrow. And because He dispels the grief of His devotees by mere remembrance, He is Śokanāśanaḥ.
Close to the Sanskrit
Udīrṇa is so called because of being elevated above all beings. Sarvataścakṣuḥ is He who sees all things everywhere with His own consciousness, by the Vedic text 'Having eyes on all sides'. Anīśa is He who has no lord, by the text 'No one whatsoever rules over Him'. Śāśvatasthiraḥ is the name because He never undergoes modification at any time although constantly manifesting. Bhūśayaḥ is so called because while seeking a path towards Laṅkā, He lay upon the earth near the ocean. Bhūṣaṇaḥ is the adornment, gracing the earth through His numerous voluntary descents. Bhūti means existence, origin, reality, or vibhūti, or because He is the cause of all manifestations. Viśokaḥ is free from grief because His nature is solely supreme bliss. Śokanāśanaḥ is the destroyer of grief, as He destroys the sorrow of devotees by mere remembrance.