। ॥
In plain words
On the bank of the Kampā I saw the first and whole wealth of youth, whose waist is matchless in its slenderness and whose form carries the colour of the young dawn.
Word for word
With a waist non-dual in slenderness, with a body-line of the young dawn's tradition, at the bank's edge, of the Kampā, the all-wealth of youth, the first, I saw.