This precious value, then, is for you who believe [in Him as God’s only Son—the Source of salvation]; but for those who disbelieve,“The [very] stone which the builders rejected
Has become the chief Cornerstone,”

who has gone into heaven and is at the right hand of God [that is, the place of honor and authority], with [all] angels and authorities and powers made subservient to Him.

Therefore, since Christ suffered in the flesh [and died for us], arm yourselves [like warriors] with the same purpose [being willing to suffer for doing what is right and pleasing God], because whoever has suffered in the flesh [being like-minded with Christ] is done with [intentional] sin [having stopped pleasing the world],

The end and culmination of all things is near. Therefore, be sound-minded and self-controlled for the purpose of prayer [staying balanced and focused on the things of God so that your communication will be clear, reasonable, specific and pleasing to Him.]

Just as each one of you has received a special gift [a spiritual talent, an ability graciously given by God], employ it in serving one another as [is appropriate for] good stewards of God’s multi-faceted grace [faithfully using the diverse, varied gifts and abilities granted to Christians by God’s unmerited favor].

For it is the time [destined] for judgment to begin with the household of God; and if it begins with us, what will the outcome be for those who do not respect or believe or obey the gospel of God?

After you have suffered for a little while, the God of all grace [who imparts His blessing and favor], who called you to His own eternal glory in Christ, will Himself complete, confirm, strengthen, and establish you [making you what you ought to be].