The poem opens with a moment of apostrophe—a direct appeal to God. The speaker asks God to make him "thy Spining Wheele compleate." (Note that the unfamiliar spellings throughout the poem are just a product of the time period in which the poem was written, the 1600s.) Right away, the poem launches into its extended metaphor (which can also be thought of as the poem's conceit). A spinning wheel is a tool used to transform raw fibers into thread. Essentially, then, in asking to be God's spinning wheel, the speaker is saying that he wants to be a tool for God.
Specifically, he wants to be the machine on which God makes "Holy robes for glory." The overall implication is that a good Christian should obey the word of God, be submissive to God, and see their religion as a kind of unending daily work on behalf of God.
It’s worth noting that this chosen conceit implies that people should also be humble—the making of garments was largely the work of poor women at the time of the poem’s writing (a “huswife” is a married woman who takes care of the daily domestic chores and family affairs). The word “compleate,” meanwhile, signals that the poem is about spiritual fulfillment.
The first two words of the poem, “Make me,” alliterate. This draws attention to the force of the speaker's plea to God. It also subtly draws the reader’s attention to the construction of the poem itself—that is, the immediate use of poetic language reminds readers that this is, well, a poem, a carefully crafted piece of writing. This, in turn, mirrors the way that humankind is part of God’s creation, the way that the whole world is a kind of poem written by God. This alliteration is then repeated in lines 2, 3, and 4, reinforcing this effect.
After the first line, the rest of the stanza breaks down the various parts of the spinning wheel. A “Distaff” holds raw wool or flax in place. The speaker links this to God’s “Holy Worde”—an allusion to the Bible. Essentially, the speaker is promising to use the Bible as a way of regulating and guiding his life, of holding his life in place just as the "Distaff" holds the raw materials for the spinning wheel in place.
Similarly, the speaker asks for his “affections” to be the machine’s “Flyers” and his “Soul [God’s] holy Spoole.” These are again references to various mechanical parts of the spinning wheel. Consonance through /f/ sounds tie the first pair together ("affections" and "Flyers"), while alliterating /s/ sounds make a pair of the latter ("Soul" and "Spoole"). These shared sounds convey the speaker’s desire to have a deep and strong bond with God, with God as a metaphorical weaver and the speaker as God's machinery.
The stanza’s closing couplet likens the speaker’s “Conversation” to God’s “Reele.” A reel is a small device around which yarn or thread is wound; the word can also be used as a verb in reference to turning that reel, or more generally in reference to winding something up or drawing something in (think of the phrase "to reel a fish"). The speaker wants to be that reel and also to reel on behalf of God. The use of "reele" in lines 5 and 6 is thus an example of the poetic device antanaclasis.
This part of the metaphor relates to Taylor’s role in Puritan society. As a pastor, Taylor was tasked with advising and giving counsel to his community—and, accordingly, he wishes in this poem for his social interactions to be an accurate and strong interpretation of God’s will. He wants to bring other people into God's service, to reel them in.