jagate - in the world; yateka - all; jīva - living entities; tāra - their; pāpa - sinful activities; lañā - taking; naraka - hell; bhuñjite - to suffer; cāhe - wanted; jīva - the living entities; chāḍāiyā - liberating them.

Śrīla Vāsudeva Datta Ṭhākura wanted to suffer for the sinful activities of all the people of the world so that Lord Caitanya Mahāprabhu might deliver them.