not marble, not the gilded mounments by William Shakespeare

William Shakespeare(1564 - 1616)

Not marble nor the gilded monuments
Of princes shall outlive this powerful rhyme; 
But you shall shine more bright in these contents Than unswept stone, besmear'd with sluttish time.
When wasteful war shall statues overturn, And broils root out the work of masonry,
Nor Mars his sword nor war's quick fire shall burn
The living record of your memory.
'Gainst death and all-oblivious enmity Shall you pace forth; your praise shall still find room,
Even in the eyes of all posterity
That wear this world out to the ending doom.
So, till the judgment that yourself arise, You live in this, and dwell in lovers' eyes.

Word meanings
Marble= a sculpture carved from marble ( a type of rock)
Gilded= covered or decorated with gold
Monument= a structure to commemorate a person or event( memorial)
Outlive= live longer than, survive
Rhyme= a piece of poetry
Unswept= not swept, dirty
Stone= in this poem marble statute or monument
Besmeared= spread or daub
*Sluttish time= filthy time. In Elizabethan England the word "sluttish" could describe either a sexually promiscuous woman or a grubby, unkempt woman. Here Shakespeare personifies Time as the latter.
Sluttish time" may also qualify as personification, depending on how you define that term.
* Transferred epithet
Overturn= bring down, destroy completely
Broils= disturbances, riots
The work of masonry= here memorials or buildings made by mason
Mars= Greek god of war
The living record of your memory= the written memory of your life
Gainst= against
Oblivious= unmindful, forgetful
Enmity= hostility
Pace forth= move forward
Posterity= future generations
Doom= the last day( according to mythology)
Judgement= according to mythology it represents the final judgement of all living beings
Dwell= inhabit, stay
Summary:
The poet in the poem is highly impressed with the greatness of his friend and addresses this poem to him. Though this great man has not got any decorated statues and monuments built, the poet claims that his memory would outlive the rich and the powerful that make a conscious effort to immortalize themselves.
All the monuments and statutes which were created by kings and princes to perpetuate their memory will not outlive or stay longer than the living record in written form( rhyme). Even these dirty stones will not be favored by time which will act like slut( a unfaithful lady)
Wars and violent riots will destroy the work of masonry
But the piece of poetry will continue to inhabit against death and forgetful enmity.
It will continue to exist and stay in the memory of the future generations till the doomsday( the last judgement day of all the living beings).
Explanation:
Not marble nor the gilded monuments...
...Than unswept stone besmeared with sluttish time.

The poet says that his verse will survive longer than the marble statues and the gold-plated monuments of the rich and powerful. With the passage of time these monuments would wear a neglected look and unfaithful time would take its toll and leave the monuments perishing. 

When wasteful war shall statues overturn,....
...The living record of your memory.
The destructive wars would ruin the statues and monuments. However ‘your’ biography recorded in the verse would outlive the ornate works of architecture and both the god of war’s sword and the destructive power of war and time would fail to wither your memory from the minds of people.
’Gainst death and all-oblivious enmity...

...That wear this world out to the ending doom.

In these lines, the poet says that despite death and the enemies’ prejudice, he(the poet's friend) would continue to be praised and would live in the memory of people. Even generation to come would remember him and thus he would live in people’ minds till the doomsday.

So,till the judgement that yourself arise,

You live in this, and dwell in lovers' eyes.

In these lines the poet says that you( his friend) would arise on the judgement day from his grave with other souls before god to get reward for his work till then he would live in the lines of poet and in the hearts of his admirers of his poetry