nÄrÄyaṇas tvaá¹ na hi sarva-dehinÄm
ÄtmÄsy adhīśÄkhila-loka-sÄkṣī
nÄrÄyaṇo 'á¹…gaá¹ nara-bhÅ«-jalÄyanÄt
tac cÄpi satyaá¹ na tavaiva mÄyÄ
nÄrÄyaṇaḥ - the Supreme Lord NÄrÄyaṇa; tvam - You; na - not; hi - whether; sarva - of all; dehinÄm - embodied living beings; ÄtmÄ - the Supersoul; asi - You are; adhīśa - O supreme controller; akhila - of all; loka - planets; sÄkṣī - the witness; nÄrÄyaṇaḥ - Lord ÅšrÄ« NÄrÄyaṇa; aá¹…gam - the expanded plenary portion; nara - from the Supreme Personality; bhÅ« - originating; jala - of the water; ayanÄt - because of being the manifesting source; tat - that (expansion); ca - and; api - indeed; satyam - true; na - not; tava - Your; eva - at all; mÄyÄ - illusory energy.
In the Caitanya-caritÄmá¹›ta, Ä€di-lÄ«lÄ, Chapter Two, text 30, ÅšrÄ«la PrabhupÄda comments on this verse as follows: “This statement which is from ÅšrÄ«mad-BhÄgavatam (10.14.14) was spoken by Lord BrahmÄ in his prayers to Lord Kṛṣṇa after the Lord had defeated him by displaying His mystic powers. BrahmÄ had tried to test Lord Kṛṣṇa to see if He was really the Supreme Personality of Godhead playing as a cowherd boy. BrahmÄ stole all the other boys and their calves from the pasturing grounds, but when he returned to the pastures he saw that all the boys and calves were still there, for Lord Kṛṣṇa had created them all again. When BrahmÄ saw this mystic power of Lord Kṛṣṇa’s, he admitted defeat and offered prayers to the Lord, addressing Him as the proprietor and seer of everything in the creation and as the Supersoul who is within each and every living entity and is dear to all. That Lord Kṛṣṇa is NÄrÄyaṇa, the father of BrahmÄ, because Lord Kṛṣṇa’s plenary expansion GarbhodakaÅ›ÄyÄ« Viṣṇu, after placing Himself on the Garbha Ocean, created BrahmÄ from His own body. MahÄ-Viṣṇu in the Causal Ocean and KṣīrodakaÅ›ÄyÄ« Viṣṇu, the Supersoul in everyone’s heart, are also transcendental expansions of the Supreme Truth.â€
In his commentary on this verse, ÅšrÄ«la SanÄtana GosvÄmÄ« has elaborately explained the expansion of the Viṣṇu, or NÄrÄyaṇa, incarnations from the original form of Godhead, Lord ÅšrÄ« Kṛṣṇa. The essence is that although Lord BrahmÄ was born from Lord NÄrÄyaṇa, BrahmÄ now understands that NÄrÄyaṇa is Himself a mere expansion of the original Personality of Godhead, Lord ÅšrÄ« Kṛṣṇa.