। ॥
In plain words
The notions 'he' and 'you' have their whole footing in 'I'. When that 'I' is destroyed by knowing its root, the one state free of the notions 'he', 'you' and 'I' blazes forth: the natural state of the Self.
Word for word
The foundation of 'he' and 'you' is in 'I'. When that 'I' is destroyed by knowing its root, the one state of the Self, natural, free of the notions 'he', 'you' and 'I', is blazing.