Meaning of sic transit gloria mundi*

sic tran•sit glo•ri•a mun•di

Pronunciation: (sēk trän'sit glō'ri-ä" moon'dē Eng. sik tran'sit glôr'ē-&schwa mun'dī, -dē, glōr'-, -zit), [key]
— Latin. Latin.
  1. thus passes away the glory of this world.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.