Meaning:
That Periyazhvar wishing to win the prize bag of gold coins made by the King (Vallabhadeva), without having learnt anything from an acharya put forward (by His grace) all the Vedas (required to establish the para tattvam), who is qualified to be worshipped by the devas, who is the direct father-in-law of Lord Ranganatha, and who is the ornament of the Brahmin class; I salute that Periyazhvar.

Meaning:
Those who say once the phrase "Srivilliputtur surrounded by bright, big walls", their divine lotus feet we put on our heads. We got to say "once upon a time (when the true meanings of the Vedas were hidden) (Periyazhvar, establishing para tattvam) cut the gold bag". O mind! you having come in the right path, we destroyed the path that ends in the dangerous Naraka.

Meaning:
With the Pandiya King (Vallabhadeva) celebrating and (many) blowing conches in their hands in large numbers, that "Periyazhvar who helps brahmins has come", using Vedic statements required (to establish the supremacy of Vishnu) and establishing it, Periyazhvar anxiously cut the bag of gold kept as prize - his divine feet are our refuge.