hamane duniyaa me.n aake kyaa dekhaa
dekhaa jo kuchh so Khvaab-saa dekhaa 

hai to insaan Khaak kaa putalaa
lek paanii kaa bul-bulaa dekhaa 

[lek (a short form of lekin)=but] 

Khuub dekhaa jahaa.N ke Khuubaa.N ko
ek tujh saa na duusaraa dekhaa 

[Khuubaa.N=beauties (beautiful ladies)] 

ek dam par havaa na baa.Ndh habaab
dam ko dam bhar me.n yaa.N havaa dekhaa 

[habaab=bubble] 

na huye terii Khaak-e-paa ham ne
Khaak me.n aap ko milaa dekhaa 

[Khaak-e-paa=dust of the feet (paao.n kii dhuul)]
[aap=self (in the context used here)] 

ab na diije "Zafar" kisii ko dil
ki jise dekhaa bevafaa dekhaa