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namas te narasimhaya
prahladahlada-dayine
hiranyakashipor vaksah-
sila-tanka-nakhalaye

I offer my obeisances to Lord Narasimha who gives joy to Prahlada Maharaja and whose nails are like chisels on the stonelike chest of the demon Hiranyakashipu.

ito nrsimhah parato nrsimho
yato yato yami tato nrsimhah
bahir nrsimho hrdaye nrsimho
nrsimham adim sharanam prapadye

Lord Nrsimha is here and also there. Wherever I go Lord Nrsimha is there. He is in the heart and is outside as well. I surrender to Lord Nrsimha, the origin of all things and the supreme refuge.

tava kara-kamala-vare nakham adbhuta-srngam
dalita-hiraryakashipu-tanu-bhrìgam
keshava dhrita-narahari-rupa jaya jagadisha hare
jaya jagadisha hare jaya jagadisha hare

O Keshava! O Lord of the universe! O Lord Hari, who have assumed the form of half-man, half-lion! All glories to You! Just as one can easily crush a wasp between one’s fingernails, so in the same way the body of the wasplike demon Hiranyakashipu has been ripped apart by the wonderful pointed nails on Your beautiful lotus hands.

In this respect, Srila Prabhupada writes in purport of Srimad Bhagavatam 8.3.2:

It is imperative, therefore, that all devotees in Krishna consciousness practice chanting some mantra. Certainly one should chant the Hare Krishna mantra, which is the maha-mantra, or great mantra, and also one should practice chanting cintamani-prakara-sadmasu or the Nrsimha stotra (ito nrsimha parato nrsimha yato yato yami tato nrsimhah). Every devotee should practice in order to chant some mantra perfectly so that even though he may be imperfect in spiritual consciousness in this life, in his next life he will not forget Krishna consciousness, even if he becomes an animal. Of course, a devotee should try to perfect his Krishna consciousness in this life, for simply by understanding Krishna and His instructions, after giving up this body one can return home, back to Godhead. Even if there is some falldown, practice of Krishna consciousness never goes in vain. For example, Ajamila, in his boyhood, practiced chanting the name of Narayana under the direction of his father, but later, in his youth, he fell down and became a drunkard, woman-hunter, rogue and thief. Nonetheless, because of chanting the name of Narayana for the purpose of calling his son, whom he had named Narayana, he became advanced, even though he was involved in sinful activities. Therefore, we should not forget the chanting of the Hare Krishna mantra under any circumstances. It will help us in the greatest danger, as we find in the life of Gajendra.