Their intelligence bewildered by Your maya, fully attached to children, wife, home and so on, persons immersed in the ocean of material misery sometimes rise to the surface and sometimes sink down.
Srila Sridhara Svami explains that “rising in the ocean of misery” indicates elevation to higher species, such as demigods, and that “being submerged” refers to degradation to lower species — even to immobile forms of life such as trees. As stated in the Vayu Purana, viparyayas ca bhavati brahmatva-sthavaratvayoh: “The living being rotates between the position of Brahma and that of an unmoving creature.”
Srila Jiva Gosvami points out that Siva, having glorified the Lord, now pursues his original intention of securing the Lord’s grace for Banasura. Thus in this and the following four verses, Lord Siva instructs Bana on his actual position in relation to the Lord. Siva’s appeal to the Lord for compassion toward Bana appears in text 45.