These people have been [specially] selected, and [their acceptance was] pre-planned by God the Father, and they were set apart through [the work of] the Holy Spirit. This resulted in their obedience and sprinkling [Note: This is a figurative reference to the Old Testament practice of cleansing, See Exodus 24:7-8] by the blood of Jesus Christ. May God's unearned favor and peace be continually upon you.

Who are kept by the power of God through faith unto salvation ready to be revealed in the last time.

Being about to bear away the end of your faith - a salvation of souls:

So make your minds ready, and keep on the watch, hoping with all your power for the grace which is to come to you at the revelation of Jesus Christ;

but with precious blood, as of a faultless and pure lamb, the blood of Christ;

He was pre-destined indeed to this work, even before the creation of the world, but has been plainly manifested in these last days for the sake of you who, through Him,

Seeing ye have purified your souls in obeying the truth through the Spirit unto unfeigned love of the brethren, see that ye love one another with a pure heart fervently:

as newborn babes desire earnestly the pure mental milk of the word, that by it ye may grow up to salvation,

For it is pleasing in the sight of God for one to bear his sorrows though suffering innocently.

For what glory is it, if sinning and being buffeted ye shall bear it? but if, doing good and suffering, ye shall bear it, this is acceptable with God.

Who his own self bare our sins in his own body on the tree, that we, being dead to sins, should live unto righteousness: by whose stripes ye were healed.

having witnessed your pure conversation carried out in fear;

In the same way, you husbands, live with your wives in an understanding way [with great gentleness and tact, and with an intelligent regard for the marriage relationship], as with someone physically weaker, since she is a woman. Show her honor and respect as a fellow heir of the grace of life, so that your prayers will not be hindered or ineffective.

It was by the Holy Spirit that He went to preach [See Eph. 2:17] to the [now departed] spirits [of pre-Flood people who are now] in prison [i.e., Hades].

which is our righthand of God, and is gone into heaven: angels, power, and might subdued unto him.

Because everything will soon come to an end, be sensible and clear-headed, so you can pray.

Be hospitable to one another without complaint.

if any one doth speak -- 'as oracles of God;' if any one doth minister -- 'as of the ability which God doth supply;' that in all things God may be glorified through Jesus Christ, to whom is the glory and the power -- to the ages of the ages. Amen.

If you are insulted and reviled for [bearing] the name of Christ, you are blessed [happy, with life-joy and comfort in God’s salvation regardless of your circumstances], because the Spirit of glory and of God is resting on you [and indwelling you—He whom they curse, you glorify].

If, however, any one suffers because he is a Christian, let him not be ashamed, but let him glorify God for being permitted to bear that name.

As for the older men among you, who bear office in the Church, I, their fellow-Officer, and a witness to the sufferings of the Christ, who shall also share in the glory that is to be revealed--

And, when the Chief Shepherd is manifested, ye shall bear away, the unfading crown of glory.

to Him is the glory, and the power -- to the ages and the ages! Amen.

I send this short letter by Silas, our faithful brother--for such I regard him--in order to encourage you, and to bear witness that what I have told you is the true grace of God. In it stand fast.