tasmai namo vraja-janaiḥ
saha cakra ātmanātmane
aho paśyata śailo 'sau
rūpī no 'nugrahaṁ vyadhāt
tasmai - to Him; namaḥ - obeisances; vraja-janaiḥ - with the people of Vraja; saha - together; cakre - He made; ātmanā - by Himself; ātmane - to Himself; aho - ah; paśyata - just see; śailaḥ - hill; asau - this; rūpī - manifest in person; naḥ - upon us; anugraham - mercy; vyadhāt - has bestowed.
It is clear from this verse that Lord Kṛṣṇa had expanded Himself and was appearing in His normal form among the festival-goers of Vṛndāvana while simultaneously manifesting Himself as the great form of Govardhana Hill. Thus, in His form as a child, Kṛṣṇa led the residents of Vṛndāvana in bowing down to His new incarnation as Govardhana Hill, and to all He pointed out the great mercy bestowed by this divine form of Govardhana. Lord Kṛṣṇa’s amazing transcendental activities were certainly in keeping with the festive atmosphere.