tasmāt - therefore; kṛṣṇāya - to Lord Kṛṣṇa; mahate - the Supreme; dīyatām - should be given; parama - the greatest; arhaṇam - honor; evam - in this manner; cet - if; sarva - of all; bhūtānām - living beings; ātmanaḥ - of oneself; ca - and; arhaṇam - honoring; bhavet - will be.

Therefore we should give the highest honor to Kṛṣṇa, the Supreme Lord. If we do so, we will be honoring all living beings and also our own selves.