krodha: kvApi payonidhau nipatita: kAmastvana~Ngobhavat
	darpa: sarpa iva dR^itam vanabile magno na dR^iggo chara: |
dambhAha~NkR^itilobhamatsarabhaTA: kutrApi koNe gatA:
	jAte bhUmitale vivekamahite lokAryavarya tvayi ||

Meaning:

lokAryavarya 			- O! Lokacharya.
tvayi 				- You,
viveka mahite 			- who were worshipped by common sense,
jAtesati 			- as soon as appeared
bhUmitale 			- in this world
krodha: 			- (people's) anger
nipatita: 			- jumped into
payonidhau 			- the ocean
kvApi 				- somewhere;
kAmastu 			- Passion
ana~Nga abhavat 		- had its body destroyed;
darpa: 				- Arrogance 
dR^itam 			- went fast
sarpa: iva 			- like a snake
magna: 				- and hiding
vanabile 			- in a hole in the forest
dR^iggo na chara: 		- disappeared.
dambha aha~NkR^iti lobha
  matsarabhaTA: 		- Hypocrisy, ego and greed that are the servants of anger, passion etc
gatA: 				- went and hid
kutrApi koNe 			- into some corner.

Vyakhyana Saram:
Desikan is stating in this shloka that after the appearance of Pillai Lokacharyar in this world, the base qualities of tamas and rajas that lead to anger, passion, arrogance etc left the people and disappeared. Through instruction and through his granthas, he developed sattva qualities in their minds. As knowledge and devotion grew in their minds, the baser qualities disappeared, says Desikan.