virāṇ mayāsādyamāno
loka-kalpa-vikalpakaḥ
pañcatvāya viśeṣāya
kalpate bhuvanaiḥ saha
virāṭ - the universal form; mayā - by Me; āsādyamānaḥ - being pervaded; loka - of the planets; kalpa - of repeated creation, maintenance and destruction; vikalpakaḥ - manifesting the variety; pañcatvāya - the elemental manifestation of creation of the five elements; viśeṣāya - in varieties; kalpate - is capable of displaying; bhuvanaiḥ - with the different planets; saha - being endowed.
According to Śrīla Śrīdhara Svāmī, the word mayā refers to the Lord in His form as eternal time.