Almost illegible fragment, unlikely to have been written by the original author:
An alternative arrangement, containing an extra “s”, is suggested:
meandering wastes space
(and yet)* we pen again
This is also the point at which the “First Perversion” is believed to have been created, with several scholars drawing the conclusion that “we pen” was not a reference to the act of writing, but actually a reference to a literal (unspecified) “weapon”.
* “(and yet)” not present in original text