aho me paśyatāpāyam
alpa-puṇyasya durmateḥ
atṛptasyākṛtārthasya
gṛhas trai-vargiko hataḥ
aho -- alas; me -- my; pasyata -- just see; apayam -- the destruction; alpa-punyasya -- of him whose pious credit has been insufficient; durmateh -- unintelligent; atriptasya -- unsatisfied; akrita-arthasya -- of him who has not fulfilled the purpose of his life; grihah -- the family life; trai-vargikah -- comprising the three aims of civilized existence (religiosity, economic development and sense gratification); hatah -- ruined.
Srila Sridhara Svami explains that the word atriptasya indicates that the pigeon was not satisfied with the sense gratification he had achieved. Although he was completely attached to his wife, children and nest, he could not sufficiently enjoy them since there is ultimately no satisfaction in such things. Akritarthasya indicates that his hopes and dreams for future expansion of his sense gratification were now also ruined. People commonly refer to their "home, sweet home" as their nest, and money put aside for future sense gratification is called a nest egg. Therefore, all of the love birds of the material world should clearly note how their so-called wife, children and fortune will all be dragged away in the hunter's net. In other words, death will finish everything.