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

In plain words: Air and all beings sustain each other like honey. The bright, deathless presence in the wind is the same as the presence in our breath. Both are the one Self, Brahman, the All.