kathaṁ vā pāṇḍaveyasya
rājarṣer muninā saha
saṁvādaḥ samabhūt tāta
yatraiṣā sātvatī śrutiḥ
katham - how is it; vā - also; pāṇḍaveyasya - of the descendant of Pāṇḍu (Parīkṣit); rājarṣeḥ - of the king who was a sage; muninā - with the muni; saha - with; saṁvādaḥ - discussion; samabhūt - took place; tāta - O darling; yatra - whereupon; eṣā - like this; sātvatī - transcendental; śrutiḥ - essence of the Vedas.
Śrīmad-Bhāgavatam is stated here as the essence of the Vedas. It is not an imaginary story as it is sometimes considered by unauthorized men. It is also called Śuka-saṁhitā, or the Vedic hymn spoken by Śrī Śukadeva Gosvāmī, the great liberated sage.