Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
Even in the darkest valley I will not be afraid, because you are with me. Your shepherd's rod and staff keep me safe.
A rod and a staff are a shepherd's tools.
I will praise thee; for I am fearfully and wonderfully made: marvellous are thy works; and that my soul knoweth right well.
I thank you because I am made in an amazing, awe-inspiring way. Your works are wonderful, and I know it well.
"Fearfully" means with awe.
The LORD is nigh unto them that are of a broken heart; and saveth such as be of a contrite spirit.
The LORD is close to people whose hearts are broken, and he rescues those who are crushed in spirit.
"Contrite" means crushed or deeply sorry.
My flesh and my heart faileth: but God is the strength of my heart, and my portion for ever.
My body and heart may give out, but God remains my strength and my inheritance forever.
"Portion" means a person's share or inheritance.
This is the day which the LORD hath made; we will rejoice and be glad in it.
This day is a gift from the LORD, so let us celebrate and be glad in it.