pazhudhE palapagalum pOyina enRu anjchi
azhudhEn aravaNai mEl kaNdu - thozhudhEn
kadalOdham kAl alaippak kaN vaLarum sengkaN
adalOdha vaNNar adi

Meaning:

aravu aNai mEl kaNdu 			- Seeing on the bed of Adisesha
adi 					- the divine feet of the Lord,
kaN vaLarum 				- who rests
kadal Odham 				- on the milky ocean with its waves
kAl alaippa 				- brushing His divine feet,
sem kaN 				- who is red eyed, and
adal Odha vaNNar 			- who has the color of the ocean with close waves,
thozhudhEn 				- I worshipped them.
pazhudhE pOyina enRu 			- Realizing that I have wasted
pala pagalum 				- countless time (prior to this)
anjchi azhudhEn 			- I became frightened and cried.

Vyakhyana Saram:
In the previous pasuram, Azhvar talked about the loss of the samsaris who seek other devatas. In this pasuram, Azhvar thinks of the countless time that he lost in seeking other devatas and other means and cries.