sva-pada-mule patitam tam arbhakam
vilokya devah krpaya pariplutah
utthapya tac-chirsny adadhat karambujam
kalahi-vitrasta-dhiyam krtabhayam
sva-pada-muleat His lotus feet; patitamfallen; tamhim (Prahlada Maharaja); arbhakamonly a little boy; vilokyaseeing; devahLord Nrsimhadeva; krpayaout of His causeless mercy; pariplutahvery much afflicted (in ecstasy); utthapyaraising; tat-sirsnion his head; adadhatplaced; kara-ambujamHis lotus hand; kala-ahiof the deadly snake of time, (which can cause immediate death); vitrastaafraid; dhiyamto all of those whose minds; krta-abhayamwhich causes fearlessness.
When Lord Nrsimhadeva saw the small boy Prahlada Maharaja prostrated at the soles of His lotus feet, He became most ecstatic in affection toward His devotee. Raising Prahlada, the Lord placed His lotus hand upon the boys head because His hand is always ready to create fearlessness in all of His devotees.
The necessities of the material world are fourahara, nidra, bhaya and maithuna (eating, sleeping, defending and mating). In this material world, everyone is in fearful consciousness (sada samudvigna-dhiyam), and the only means to make everyone fearless is Krsna consciousness. When Lord Nrsimhadeva appeared, all the devotees became fearless. The devotees hope of becoming fearless is to chant the holy name of Lord Nrsimhadeva. Yato yato yami tato nrsimhah: wherever we go, we must always think of Lord Nrsimhadeva. Thus there will be no fear for the devotee of the Lord.

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