। ॥
In plain words
O Kāmākṣī, Ruler of the world, the god with the makara banner, swollen with pride and wanting to conquer his own conqueror, brandishes your sidelong glance as a slender sword, moist with love, that robs the opened blue lily of its beauty.
Word for word
Love-moistened, opened-lily-lustre-thieving, the conqueror himself, Jagadīśvarī, wishing to conquer, pride-puffed the makara-bannered this brandishes, Kāmākṣī, your glance-sword-creeper.