SB 11.2.41

khaṁ vāyum agniṁ salilaṁ mahīṁ ca
 jyotīṁṣi sattvāni diśo drumādīn
sarit-samudrāṁś ca hareḥ śarīraṁ
 yat kiṁ ca bhūtaṁ praṇamed ananyaḥ
Word for word: 
kham — ether; vāyum — air; agnim — fire; salilam — water; mahīm — earth; ca — and; jyotīṁṣi — the sun, moon and other celestial luminaries; sattvāni — all living beings; diśaḥ — the directions; druma-ādīn — trees and other immovable creatures; sarit — the rivers; samudrān — and oceans; ca — also; hareḥ — of the Supreme Lord, Hari; śarīram — the body; yat kim ca — whatever; bhūtam — in created existence; praṇamet — one should bow to; ananyaḥ — thinking nothing to be separate from the Lord.
Translation: 
A devotee should not see anything as being separate from the Supreme Personality of Godhead, Kṛṣṇa. Ether, fire, air, water, earth, the sun and other luminaries, all living beings, the directions, trees and other plants, the rivers and oceans — whatever a devotee experiences he should consider to be an expansion of Kṛṣṇa. Thus seeing everything that exists within creation as the body of the Supreme Lord, Hari, the devotee should offer his sincere respects to the entire expansion of the Lord’s body.
Purport: 

Śrīla Jīva Gosvāmī has given this example from the Purāṇas: yat paśyati, tat tv anurāgātiśayenajagad dhana-mayaṁ lubdhāḥ kāmukāḥ kāminī-mayamiti-vat hareḥ śarīram. “Because of a greedy person’s obsession with money, wherever he goes he sees an opportunity for acquiring wealth. Similarly a very lusty man notices women everywhere.” In the same way, a pure devotee should see the transcendental form of the Lord within everything, since everything is an expansion of the Lord. It is our practical experience that a greedy man will see money everywhere. If he goes to the forest he will immediately consider whether it would be profitable to purchase the forest land and sell the trees to a paper mill. Similarly, if a lusty man goes to the same forest he will look everywhere for beautiful women tourists who might happen to be there. And if a devotee goes to the same forest he will see Kṛṣṇa there, knowing correctly that the entire forest, as well as the sky canopy above, is the inferior energy of the Lord. Kṛṣṇa is supremely sacred, being the Supreme Personality of Godhead, and since everything that exists expands directly or indirectly from the body of the Lord, everything is sacred when seen through the eyes of a self-realized person. Therefore as stated in this verse, praṇamet: one should offer one’s sincere respects to everything. Śrīla Jīva Gosvāmī has mentioned that we should see the personal form of Kṛṣṇa everywhere.

This verse does not approve of the impersonal, atheistic philosophy that everything is God. In this regard, Śrīla Madhvācārya has quoted from the Hari-vaṁśa:

sarvaṁ harer vaśatvena
 śarīraṁ tasya bhaṇyate
ananyādhipatitvāc ca
 tad ananyam udīryate
na cāpy abhedo jagatāṁ
 viṣṇoḥ pūrṇa-guṇasya tu

“Because everything is under the control of the Supreme Lord, Hari, everything is considered to be His body. He is the original source and master of everything, and therefore nothing should be seen as different from Him. Nonetheless, one should not foolishly conclude that there is absolutely no difference between the material universe and Lord Viṣṇu, who is full of His own unique spiritual qualities.”

The example is often given of the sun and the sun’s rays. The sunshine is nothing but an expansion of the sun globe, and therefore there is no qualitative difference between the sun and its rays. But although the sunshine is situated everywhere and although everything is a transformation of the sun’s energy, the sun globe itself, the source of the sunshine, is not everywhere, but is situated in a particular place in the vast sky and has its own specific form.

If we penetrate further into the sun globe we shall find the sun-god, Vivasvān. Although pseudointellectuals of the modern age who are incapable of even counting the hairs on their own heads will consider the sun-god a mythological figure, it is actually the foolish mythology of modern men to think that such a sophisticated apparatus as the sun, which provides heat and light for the entire universe, can function without intelligent administration. Transformations of solar energy make life possible on earth, and thus the earth can be understood to consist of an endless variety of secondary manifestations of all-pervading solar energy.

So within the sun planet is the personality Vivasvān, the chief administrator of the solar functions; the sun globe itself is localized; and the sun’s rays expand everywhere. Similarly Śrī Kṛṣṇa, Śyāmasundara, is the original Personality of Godhead (bhagavān svayam); He expands Himself as the localized Supersoul (Paramātmā) in everyone’s heart; and finally He expands His potency by His personal bodily glow, the all-pervading spiritual effulgence called the brahmajyoti. The entire material manifestation floats within the rays of this brahmajyoti. Just as all life on earth is a transformation of the all-pervading rays of the sun, the entire cosmic manifestation is a transformation of the spiritual rays of the brahmajyoti. As stated in the Brahma-saṁhitā (5.40):

yasya prabhā prabhavato jagad-aṇḍa-koṭi-
 koṭiṣv aśeṣa-vasudhādi vibhūti-bhinnam
tad brahma niṣkalam anantam aśeṣa-bhūtaṁ
 govindam ādi-puruṣaṁ tam ahaṁ bhajāmi

“I worship Govinda, the primeval Lord, who is endowed with great power. The glowing effulgence of His transcendental form is the impersonal Brahman, which is absolute, complete and unlimited and which displays the varieties of countless planets, with their different opulences, in millions and millions of universes.” Therefore, the brahmajyoti is the spiritual light that emanates directly from the body of the Lord. This universe is a transformation of that spiritual energy, and therefore everything that exists is in one sense connected directly with the personal body of the Supreme Personality of Godhead.

It is emphasized here that we should offer respect to everything that exists, recognizing it to be the energy of the Lord. The example may be given that if a man is important his property is also important. The president of a country is the most important person in the country, and therefore everyone must respect his property. Similarly, everything that exists is an expansion of the Supreme Personality of Godhead and should be respected accordingly. If we fail to see everything that exists as the energy of the Lord, we risk the danger of drifting into the Māyāvāda philosophy, which according to Caitanya Mahāprabhu is the most deadly poison for one trying to advance in actual spiritual life. Māyāvādi-bhāṣya śunile haya sarva-nāśa (Cc. Madhya 6.169). If we try to understand Kṛṣṇa alone, without the expansion of His potency, we shall not understand such statements in Bhagavad-gītā as vāsudevaḥ sarvam and ahaṁ sarvasya prabhavaḥ.

As already explained in this chapter, bhayaṁ dvitiyābhiniveśataḥ syāt: fear or illusion arises from thinking that there is something not dependent upon the Supreme Personality of Godhead. Now, in this verse, the specific process for overcoming this fearful illusion is given. One must train one’s mind to see everything that exists as an expansion of the potency of the Supreme Lord. By offering respects to everything and meditating upon everything as part of the body of the Lord, one will become free from fear. As stated in Bhagavad-gītā (5.29), suhṛdaṁ sarva-bhūtānām: Kṛṣṇa is the well-wishing friend of every living being. As soon as one understands that everything that exists is under the powerful control of one’s most beloved friend, one comes to the stage in which the whole universe becomes a blissful abode (viśvaṁ pūrṇa-sukhāyate), because he sees Kṛṣṇa everywhere.

If Kṛṣṇa’s personality were not the source of everything and if everything were not connected to Kṛṣṇa, one might be proper in concluding that Kṛṣṇa’s personality is a material manifestation of some impersonal truth. As stated in Vedānta-sūtra, janmādy asya yataḥ: the Absolute Truth is that from which everything emanates. Similarly, Kṛṣṇa says, ahaṁ sarvasya prabhavaḥ: “I am the source of everything.” If we see anything totally disconnected from the personal body of Kṛṣṇa, we may doubt whether Kṛṣṇa’s personality is actually the absolute source described in Vedānta-sūtra. As soon as one feels this way, he becomes fearful and should be understood to be under the control of the Lord’s illusory energy.

Śrīla Bhaktisiddhānta Sarasvatī Ṭhākura has warned us that if we do not see everything as a manifestation of the Supreme Personality of Godhead, we shall become victims of phalgu-vairāgya, or immature renunciation. Whatever we see as disconnected from Kṛṣṇa will have in our mind no relationship to Kṛṣṇa’s service. But if we see everything as connected to Kṛṣṇa, we shall use everything for Kṛṣṇa’s satisfaction. This is called yukta-vairāgya. According to Śrīla Bhaktisiddhānta Sarasvatī Ṭhākura, “One who has experienced his own true identity understands that all things exist as paraphernalia for giving ecstatic pleasure to the Supreme Lord. Thus one becomes free from the separatist vision in which one sees the world as existing for one’s own enjoyment. In the transcendental state, whatever a devotee sees reminds him of Kṛṣṇa, and thus his transcendental knowledge and bliss increase.” Because the impersonalist philosophers fail to see everything as belonging to the personal form of Kṛṣṇa, they reject this world as having no true existence (jagan mithyā). But since the material world is an emanation from the supreme reality, Kṛṣṇa, it does in fact exist. Its nonexistence is simply a creation of the imagination, and one cannot possibly act on such an imaginary platform. Therefore, having proposed an illusory theory and being unable actually to live on such a platform, the impersonalist comes back to the material platform for altruistic or gross sense gratificatory activities. Since the impersonalist does not accept the personal proprietorship of the Supreme Personality of Godhead, he does not know how or for whom to engage the things of this world, and since it is impossible to reject this world totally while living within it, he runs the risk of again becoming entangled in material fruitive activities. Therefore as stated in Bhagavad-gītā (12.5), kleśo ’dhikataras teṣām: the impersonal path of imaginary philosophy is very painful to follow.

The conclusion is that this verse is spoken to help the devotee of the Supreme Lord advance in Kṛṣṇa consciousness. It can be understood from the previous verses of this chapter that the ultimate goal is pure devotional service to Lord Kṛṣṇa. If one falsely interprets this verse to sanction the imaginary Māyāvāda philosophy that everything is God, one will simply become bewildered and fall from the path of spiritual advancement.