more than that —

residing in some place (above all) —

ŏ dhĕva dhĕva! —

 the lord of dhĕvas —

extending (the single foot) more and more, high above —

in higher worlds (which were created by him) —

paramapadham. —

 greater than (all other weapons) —

 by dhĕvathās —

great —

nithyasūris (permanent dwellers of ṣrīvaikuṇtam) —

being great —

brahmā et al, who live beyond these people —

being superior (like the joy which is eternal, boundless etc) —

being the full controller of nithyasūris —

enjoyment in going further to a special abode (paramapadham) —

for nithyasūris —

being greater (than elements such as mahath etc , due to being the origin) —

in the sky —

the leader of nithyasūris —