। ॥
In plain words
O Kāmakoṭi, when in the eager press of a close embrace the long pendant of loosened pearls has slipped from your breasts onto the chest of Dakṣa's foe, the spread of your smile's dense rays covers its absence as a friend would, with abundant light. May that light play in my heart.
Word for word
From close-embrace-pressing-eagerness the loosened-pearl-string-pendant from the breast-jars having slipped on Dakṣa's foe's chest, which in friendship covers with abundant light its state, that my may play, Kāmakoṭi, in the heart, the dense-smile-ray-spread.