The psalm opens with a plea: not to us, O Lord, not to us, but to your name give glory, for the sake of your steadfast love and your faithfulness. The nations ask mockingly where Israel's God is. The answer is that our God is in the heavens and does all that he pleases.
Verses 4-8 make a contrast. Their idols are silver and gold, the work of human hands. They have mouths, but do not speak; eyes, but do not see; ears, but do not hear; noses, but do not smell; hands, but do not feel; feet, but do not walk; and they do not make a sound in their throat. Those who make them become like them, and so do all who trust in them.
Verses 9-11 call three groups, Israel, the house of Aaron and those who fear the Lord, to trust in the Lord, who is their help and shield. Verses 12-15 promise blessing: the Lord remembers us, he will bless, and may he give increase to you and your children. Verses 16-18 close: the heavens are the Lord's heavens, but the earth he has given to the children of man; the dead do not praise the Lord, but we will bless the Lord from this time forth and forevermore. Praise the Lord.