The translation and word meanings for this verse are taken from Srila Prabhupada's English rendering of Sri Caitanya-caritamrita (Madhya 13.79). According to Srila Visvanatha Cakravarti, Srila Sukadeva Gosvami has composed this beautiful verse to console those who lament the fact that Lord Krishna did not continue to manifest His intimate pastimes down to the present time. Here Sri Sukadeva reminds his listeners that the Lord is eternally present in this world -- in His holy abode, His name and the recitation of His glories. This idea is expressed by the word jayati ("He is victorious"), which is in the present tense rather than the past.

Srila Prabhupada explains this verse as follows in Krishna: "Srila Sukadeva Gosvami thus concludes his description of the superexalted position of Lord Krishna by glorifying Him in the following way: 'O Lord Krishna, all glories unto You. You are present in everyone's heart as Paramatma. Therefore You are known as Jananivasa, one who lives in everyone's heart.' As confirmed in the Bhagavad-gita, isvarah sarva-bhutanam hrid-dese 'rjuna tishthati: [Bg. 18.61] The Supreme Lord in His Paramatma feature lives in everyone's heart. This does not mean, however, that Krishna has no separate existence as the Supreme Personality of Godhead. The Mayavadi philosophers accept the all-pervading feature of Parabrahman, but when Parabrahman, or the Supreme Lord, appears, they think that He appears under the control of material nature. Because Lord Krishna appeared as the son of Devaki, the Mayavadi philosophers accept Krishna to be an ordinary living entity who takes birth within this material world. Therefore Sukadeva Gosvami warns them: devaki-janma-vadah, which means that although Krishna is famous as the son of Devaki, actually He is the Supersoul, or the all-pervading Supreme Personality of Godhead.

"The devotees, however, take this word devaki-janma-vadah in a different way. The devotees understand that actually Krishna was the son of mother Yasoda. Although Krishna first of all appeared as the son of Devaki, He immediately transferred Himself to the lap of mother Yasoda, and His childhood pastimes were blissfully enjoyed by mother Yasoda and Nanda Maharaja. This fact was also admitted by Vasudeva himself when he met Nanda Maharaja and Yasoda at Kurukshetra. He admitted that Krishna and Balarama were actually the sons of mother Yasoda and Nanda Maharaja. Vasudeva and Devaki were only Their official father and mother....

"Sukadeva Gosvami then glorifies the Lord as one who is honored by the yadu-vara-parishat, the assembly house of the Yadu dynasty, and as the killer of different kinds of demons. Krishna, the Supreme Personality of Godhead, could have killed all the demons by employing His different material energies, but He wanted to kill them personally in order to give them salvation. There was no need of Krishna's coming to this material world to kill the demons. Simply by His willing, many hundreds and thousands of demons could have been killed without His personal endeavor. But actually He descended for His pure devotees, to play as a child with mother Yasoda and Nanda Maharaja and to give pleasure to the inhabitants of Dvaraka. By killing the demons and by giving protection to the devotees, Lord Krishna established the real religious principle, which is simply love of God. By following the factual religious principles of love of God, even the living entities known as sthira-cara were also delivered from all material contamination and were transferred to the spiritual kingdom. Sthira means the trees and plants, which cannot move, and cara means the moving animals, specifically the cows. When Krishna was present, He delivered all the trees, monkeys and other plants and animals who happened to see Him and serve Him both in Vrindavana and Dvaraka.

"Lord Krishna is especially glorified for His giving pleasure to the gopis and the queens of Dvaraka. Sukadeva Gosvami glorifies Lord Krishna for His enchanting smile, by which He enchanted not only the gopis of Vrindavana but also the queens at Dvaraka. The exact words used in this connection are vardhayan kamadevam. In Vrindavana as the boyfriend of many gopis and in Dvaraka as the husband of many queens, Krishna increased their lusty desires to enjoy with Him. For God realization or self-realization, one generally has to undergo severe austerities and penances for many, many thousands of years, and then it may be possible to realize God. But the gopis and the queens of Dvaraka, simply by enhancing their lusty desires to enjoy Krishna as their boyfriend or husband, received the highest type of salvation."

In this way Srila Prabhupada wonderfully illuminates the meaning of this verse by Sukadeva Gosvami, which summarizes Lord Krishna's pastimes.