II Shiva Panchakshara Stotram II

श्री शिव पंचाक्षरस्तोत्रम्

Nagendra Haaraaya Thrilochanaaya
Bhasmaanga Raagaaya Maheshvaraaya
Nityaaya Suddhaaya Digambaraaya
Tasmai 'Na' kaaraaya Namah Shivaaya II1II

Mandaakini Salila Chandana Chaarthitaaya
Nandeesvara Pramatha Naatha Mahesvaraaya
Mandaara Pushpa Vahu Pushpa Supoojitaaya
Tasmai 'Ma' kaaraaya Namah Shivaaya II2II

Shivaaya Gauri Vadana Aravinda
Sooryaaya Dakshaadhvara Naashakaaya
Sree Neelakantaaya Vrisha Dhvajaaya
Tasmai 'Shi' kaaraaya Namah Shivaaya II3II

Vasishta Kumbhodbhava Gautamaaya
Muneendra Devaarchita Sekharaaya
Chandraarka Vaishvaanara Lochanaaya
Tasmai 'Va' kaaraaya Namah Shivaaya II4II

Yajna Swaroopaaya Jataadharaaya
Pinaaka Hasthaaya Sanaatanaaya
Divyaaya Devaaya Digambaraaya
Tasmai 'Ya' karaaya Namah Shivaaya II5II

Panchaaksharam Idam Punyam
Yah Pateh Shiva Sannidhau
Shivaloka Mavaapnothee
Shivena Saha Modate

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II Meaning of Shiva Panchakshara Stotra II

I offer my humble salutations to Lord Mahesvara - who has a garland of serpents around the neck; who has three eyes; whose body is covered with ash (vibhuti); who is eternal; who is pure; who has the entire sky as His dress and who is embodies as the first letter Na.  II1II

I bow to Lord Mahesvara, who is embodied as Makaara (letter Ma), whose body is anointed with holy waters from the river Ganges and sandal paste, who is the sovereign king of the Pramatha Ganas and who is adorned with innumerable divine flowers such as Mandaara. II2II

I offer my salutations to Lord Shiva, who is the resplendent sun for mother Gauri`s lotus face, who is the destroyer of Daksha`s sacrificial ritual, who is the blue necked Lord (due to the Haalahala poison which He agreed to consume), whose banner bears the emblem of a bull and who is embodied as the letter Shi. II3II

I prostrate before the God of Gods, who is worshipped and prayed to by great sages such as Vashishta, Agastya and Gautama, whose eyes are sun, moon and the fire and who is embodied as Vakaara, the letter Va.  II4II

Prostrartions to the sacred Lord who is the Yaksa incarnate, whose hairs are long and matted, who holds Pinaaka (trident) in His hand, who has the entire sky as His attire and who is embodied as the letter Ya. II5II

Whoever repeats this prayer composed with the five holy letters before Lord Shiva, attains that supreme abode of His and enjoys the eternal Bliss. II6II

Thanks to http://www.indif.com/nri/mantras/shiva_panchakshara_stotra.asp