virÄṇ mayÄsÄdyamÄno
loka-kalpa-vikalpakaḥ
pañcatvÄya viÅ›eá¹£Äya
kalpate bhuvanaiḥ saha
virÄá¹ - the universal form; mayÄ - by Me; ÄsÄdyamÄnaḥ - being pervaded; loka - of the planets; kalpa - of repeated creation, maintenance and destruction; vikalpakaḥ - manifesting the variety; pañcatvÄya - the elemental manifestation of creation of the five elements; viÅ›eá¹£Äya - in varieties; kalpate - is capable of displaying; bhuvanaiḥ - with the different planets; saha - being endowed.
According to ÅšrÄ«la ÅšrÄ«dhara SvÄmÄ«, the word mayÄ refers to the Lord in His form as eternal time.