ciraḿ vimṛśya munaya
īśvarasyeśitavyatām
jana-sańgraha ity ūcuḥ
smayantas taḿ jagad-gurum
ciram -- for some time; vimrisya -- thinking; munayah -- the sages; isvarasya -- of the supreme controller; isitavyatam -- the status of being controlled; jana-sangrahah -- the enlightenment of the people in general; iti -- thus (concluding); ucuh -- they said; smayantah -- smiling; tam -- to Him; jagat -- of the universe; gurum -- the spiritual master.
Srila Sridhara Svami explains the word isitavyata as referring to one's not being a controller, or in other words, to being under the law of karma, obliged to work and experience the results of one's work. While addressing the sages, Lord Krishna accepted the role of a subordinate living being to emphasize the importance of hearing and serving saintly Vaishnavas. The Personality of Godhead is also the supreme teacher of spiritual surrender.