• sakhyuḥ — of His friend
  Genitive of sakhi. The verse names the relationship — sakhya, not master-servant. Gauḍīyas note that aiśvarya recedes precisely at the moment sakhya is named — the Lord weeps because He is in friend-mode.
• vipra - ṛṣeḥ — the sagacious brāhmaṇa
  Compound: vipra (brāhmaṇa) + ṛṣi (sage). Sudāmā is honored as a brāhmaṇa-sage — interior status visible to Kṛṣṇa though invisible to the palace. The text persistently honors what the world overlooks.
• aṅga — of the body
  Body — and yet, in Sanskrit, also a tender vocative ('my dear'). Gauḍīyas hear the pun: the touch of the body is the touch of the dear one.
• saṅga — by the contact
  From √sañj. Saṅga in śāstra is often a danger (sat-saṅga vs. asat-saṅga), but here saṅga with a devotee is the very thing that draws the Lord's tears. Sat-saṅga at its absolute.
• nirvṛtaḥ — ecstatic
  Past participle of nir-√vṛt. Nirvṛti — the state of perfect satisfaction. Kṛṣṇa is ātmārāma yet attains nirvṛti from touching His bhakta. Gauḍīyas mark this as the doctrinal heart of bhakta-vatsalya.
• puṣkara - īkṣaṇaḥ — the lotus-eyed Personality of Godhead
  Compound: puṣkara (lotus) + īkṣaṇa (eye). The classic Kṛṣṇa-epithet; here the lotus-eyes drip — the very name flowers into tears.

• Where in my devotion would tears be welcomed if I let them?
• Whose embrace makes me weep with the recognition of being known?

Two streams meeting after long separation — both run faster, neither holds back. Kṛṣṇa's tears at touching His friend's body are the Bhāgavatam's clearest portrait of bhakta-vatsalya: the Lord, untouched by anything, is touched by this body, and weeps.