icchā-śakti - of willpower; pradhāna - predominator; kṛṣṇa - Lord Kṛṣṇa; icchāya - simply by willing; sarva-kartā - the creator of everything; jñāna-śakti-pradhāna - the predominator of the power of knowledge; vāsudeva - Lord Vāsudeva; adhiṣṭhātā - reservoir.

“The predominator of the willing potency is Lord Kṛṣṇa, for by His supreme will everything comes into existence. In willing, there is a need for knowledge, and that knowledge is expressed through Vāsudeva.