। ॥
In plain words
O Kāmākṣī, the play of your feet shows the very state of the moon: they swell the gods' joy and adorn them, they cut through the spreading darkness with the moonlight of their nails, and they keep a vow of rivalry with the beauty of the lotus.
Word for word
By being the increase of the gods' bliss, by being adornment, by the nail-moon's moonlight, by being the cutting of spreading darkness, by being devoted to a vow of hatred of the lotus's beauty, of your feet the play, O Kāmākṣī, reveals the state of the night-maker.