। ॥
In plain words
O Kāmākṣī, beloved of Śaṅkara, I think a dancer named Compassion is dancing on the stage of your glance's lustre, with the dark light of your hair spread above as its blue canopy and the gleam of your earring jewels as its lamps.
Word for word
Hair-lustre-mass-blue-canopy-net, Kāmākṣī, earring-gem-sheen-lamp-lovely, I fancy, on the glance-lustre-stage-floor, Kṛpā-named, a dancer dances, Śaṅkara's beloved, your.