। ॥
In plain words
Like a wanderer from another land, he is graced by a strip of white cloth wound about his waist. Through this noble teacher, the peacock-mounted god, now wearing the guise of a man, may the world have its guru.
Word for word
Like a wanderer from another land, graced by a strip of white cloth wound about the waist; by the noble teacher, the peacock-mounted one wearing the guise of a man, may the world be possessed of a guru.