Paraphrase:
The god pan went down to the river and disturbed the river's serenity, crushing the beatiful water lillies with his goat feet. Then he tore out a reed from the river. Using his knife he carved the dry reed into a flute. He played the flute and the music was so sweet that the sun didn't set and the water lillies were revived. The gods sighed and were sad for the loss of the reed.