This law (dharmah) is the honey of all beings, and all beings are the honey of this law. Likewise this bright, immortal person in this law, and that bright, immortal person existing as law in the body (both are madhu). He indeed is the same as that Self, that Immortal, that Brahman, that All.

In plain words: Dharma, the law of what is right that holds the world in order, and all beings nourish each other like honey. The deathless presence in that law outside is the same one that guides us as goodness within. Both are the one Self, Brahman.