namo guṇa-pradīpāya
guṇātma-cchādanāya ca
guṇa-vṛtty-upalakṣyāya
guṇa-draṣṭre sva-saḿvide
namah -- obeisances; guna-pradipaya -- to Him who manifests various qualities; guna -- by the material modes; atma -- Himself; chadanaya -- who disguises; ca -- and; guna -- of the modes; vritti -- by the functioning; upalakshyaya -- who can be ascertained; guna-drashtre -- to the separate witness of the material modes; sva -- to His own devotees; samvide -- who is known.
The word guna conveys various meanings: the three basic qualities of material nature, i.e., goodness, passion and ignorance; excellent qualities one manifests because of piety and spiritual achievement; or the internal senses, such as the mind and intelligence. The word pradipaya means "unto Him who manifests or illumines." Thus here the Naga-patnis are addressing the Supreme Lord as "He who manifests all material and spiritual qualities and who causes the living entities to be conscious." One can see the Lord by going beyond the screen of material nature, and therefore He is called gunatma-cchadanaya. If one methodically and intelligently studies the functioning of the material qualities, he will ultimately conclude that there is a Supreme Personality of Godhead and that He exhibits His illusory potency to bewilder those who do not surrender unto Him.
The Lord is never affected by the modes of nature, being their witness, and thus He is called guna-drashtre. The word sva indicates "one's own," and thus sva-samvide means that Lord Krishna can be known only by His own people, the devotees, and also that ultimately only the Lord can know Himself perfectly. Therefore we should take Lord Krishna's instructions in Bhagavad-gita and immediately come to the right conclusion: full surrender to the Lord's lotus feet. Thus we should humbly glorify the Lord, following the example of the Naga-patnis.