tasmat -- therefore; krishnaya -- to Lord Krishna; mahate -- the Supreme; diyatam -- should be given; parama -- the greatest; arhanam -- honor; evam -- in this manner; cet -- if; sarva -- of all; bhutanam -- living beings; atmanah -- of oneself; ca -- and; arhanam -- honoring; bhavet -- will be.

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