in the fire sacrifice —

 five great yagyas —

pancha mahā yagyas, the five great sacrifices (offered to celestial beings, ancestors, [other] creatures, humans and bhagavān) —

 five great sacrifices —

 five great yagyas —

 the five great yagyas (sacrifices) —

 five great yagyas (fire sacrifices) —

five types of yagyas (rituals), and —

in the cool, beautiful thiruppāṛkadal (milky ocean) —

 matching the ocean —

in the eyes which are beautiful and sharp like a spear —

without desiring them as being enjoyable —

one who has the weapon sūlam (spear), which has three leaves [sharp edges], which indulges in the occupation of killing —

 āzhvār who has shining spear in his hand —

taking abode in the yāgabhūmi (the place where mahābali conducted the ritual) where gold was being gifted —

beyond the blissul state when —

 (when incarnating as kaṇṇan) of emperumān who won those like murugan (subrahmaṇya) who threw his spear into the sea that is having mountain inside it, —

the spear in your hands —

 having ponds with blossoming lotuses, —

 having stained, long spear in his hand —