What is the meaning of Luke 8:24?

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

The disciples went and woke Him, saying, “Master, Master, we are perishing!” Then Jesus got up and rebuked the wind and the raging waters, and they subsided, and all was calm.

Berean Standard Bible (BSB)

They came to him, and awoke him, saying, “Master, master, we are dying!” He awoke, and rebuked the wind and the raging of the water, and they ceased, and it was calm.

World English Bible (WEB)

And{G1161} they came to him{G4334}{(G5631)}, and awoke{G1326}{(G5656)} him{G846}, saying{G3004}{(G5723)}, Master{G1988}, master{G1988}, we perish{G622}{(G5731)}. Then{G1161} he arose{G1453}{(G5685)}, and rebuked{G2008}{(G5656)} the wind{G417} and{G2532} the raging{G2830} of the water{G5204}: and{G2532} they ceased{G3973}{(G5668)}, and{G2532} there was{G1096}{(G5633)} a calm{G1055}.

Strong's King James

(24) They approached and woke Him up, saying, "Master! Master! We're losing!" Now He got up, rebuking the ruach-wind and the surging waters and they stopped! A serene-calm occurred.

The F.O.G*

[24] They shook Jesus awake, crying, "Master! Master! We're going to drown!" Rising with divine authority, He commanded the wind and waves, "Peace! Be still!" Nature itself obeyed, leaving the lake mirror-smooth.

The F.O.G Paraphrase

And having come near, they awoke him, saying, ‘Master, master, we perish;’ and he, having arisen, rebuked the wind and the raging of the water, and they ceased, and there came a calm,

Young's Literal Translation