What is the meaning of 2 Peter 3:5?

* The two F.O.G. Bibles & Commentary below are currently a work in progress.

But they deliberately overlook the fact that long ago by God’s word the heavens existed and the earth was formed out of water and by water,

Berean Standard Bible (BSB)

For this they willfully forget, that there were heavens from of old, and an earth formed out of water and amid water, by the word of God;

World English Bible (WEB)

For{G1063} this{G5124} they{G846} willingly{G2309}{(G5723)} are ignorant of{G2990}{(G5719)}, that{G3754} by the word{G3056} of God{G2316} the heavens{G3772} were{G2258}{(G5713)} of old{G1597}, and{G2532} the earth{G1093} standing out{G4921}{(G5761)} of{G1537} the water{G5204} and{G2532} in{G1223} the water{G5204}:

Strong's King James

(5) Because they want this to be, it escapes their notice that by The Word of יהוה YAHWEH, skies above became long ago and land was formed out of water and through water.

The F.O.G*

[5] But these skeptics conveniently forget that by יהוה's powerful Word, the heavens burst into being ages ago, and the earth emerged from water and was formed through water in a stunning display of creative power.

The F.O.G Paraphrase

for this is unobserved by them willingly, that the heavens were of old, and the earth out of water and through water standing together by the word of God,

Young's Literal Translation