"Look at this child, according to the merciful laws of nature,
Look at this child, because of the law of nature's kindness,
Please tick with a rattle and a straw:
He likes rattles and straws.
Some more lively toys give his youth happiness,
When he was young, he preferred something more energetic (referring to women).
It's a little loud, but it's empty:
They are noisier than rattles, but almost empty.
Scarves, garters, gold, entertaining his mature stage,
When he grew up, scarves and garters (meaning medals of honor) and gold brought him entertainment.
Beads and prayer books are ancient toys "
Rosary and scriptures are ancient toys.