etāv adṛṣṭa-pitarau yuvayoḥ sma pitroḥ
samprīṇanābhyudaya-poṣaṇa-pālanāni
prāpyoṣatur bhavati pakṣma ha yadvad akṣṇor
nyastāv akutra ca bhayau na satāḿ paraḥ svaḥ
etau -- these two; adrishta -- not having seen; pitarau -- Their parents; yuvayoh -- of you two; sma -- indeed; pitroh -- the parents; samprinana -- coddling; abhyudaya -- bringing up; poshana -- nourishment; palanani -- and protection; prapya -- receiving; ushatuh -- They resided; bhavati -- my good lady; pakshma -- eyelids; ha -- indeed; yadvat -- just as; akshnoh -- of the eyes; nyastau -- place in custody; akutra -- nowhere; ca -- and; bhayau -- whose fear; na -- not; satam -- for saintly persons; parah -- other; svah -- own.
As Srila Visvanatha Cakravarti explains, Krishna and Balarama had not seen Their parents for two reasons: because of Their exile in Vraja, and also because They are never actually born and therefore have no parents.
Srila Visvanatha Cakravarti also describes what Devaki thought before speaking this verse: "Alas, because for so long these two sons of mine had you, Yasoda, as Their guardian and mother, and because They were immersed in such a vast ocean of ecstatic loving dealings with you, now that you are once more before Them They are too distracted to even notice me. Also, you are behaving as if insane and blind with love for Them, showing millions of times more maternal affection than I possess. Thus you simply keep staring at us, your friends, without recognizing us. So let me bring you back to reality on the pretext of some affectionate words."
Then, when Devaki failed to get any response from Yasoda even after addressing her, Rohini said, "My dear Devaki, it's impossible just now to rouse her out of this ecstatic trance. We are crying in the wilderness, and her two sons are no less bound up in the ropes of affection for her than she is for Them. So let us now go outside to meet with Pritha, Draupadi and the others."