Meaning :

We invite You, the Lord of spiritual faith (of Lord Shiva). You are the wisest among the wise, the best to be given as a standard of comparison. You are the senior Lord, Lord of the Vedic manthras, listening to our prayers. Please visit our home with prosperous things and be seated here !

Meaning :

Guru can guide us to the supreme knowledge of THAT which pervades all the living and non-living beings in the entire Universe (namely Brahman). I salute such a Guru.