Refers to Shiva as the King/Lord of Mount Kailash.
(Read the lyrics below and let the devotion flow)
To sing the bhajan is one thing; to understand it is to attain bhava (devotion). Here is the breakdown:
रवींदु दावानल पूर्ण भाळीं । स्वतेज नेत्रीं तिमिरौघ जाळी । ब्रह्मांडधीशा मदनांतकारी । तुजवीण शंभो मज कोण तारी ॥ २॥
Jai ho, Jai ho, Bholenath Jai ho, Jai ho, Mahadev Kailash ke vaasi, Tripurari Tum bin jag mein nahi koi bhed.
The title and opening lines evoke powerful imagery of Shiva's divine form: Kailasrana