I think the knowledge of Daeman is needed here, because I find the accent hard to understand, but just to point out that it is not a different version of pentozalis, it's a different song. As for the gist of the lyrics, yet another effort to praise Crete. Personally I find those lyrics a bit boring because they are not traditional and they are not telling a story or anything like that, they are just a self-pat in the back, but they are quite common in the islands.