O Lord
'Adonay (ad-o-noy')
the Lord (used as a proper name of God only) -- (my) Lord.
open
pathach (paw-thakh')
to open wide; specifically, to loosen, begin, plough, carve
thou my lips
saphah (saw-faw')
the lip (as a natural boundary); by implication, language; by analogy, a margin (of a vessel, water, cloth, etc.)
and my mouth
peh (peh)
the mouth (as the means of blowing), whether literal or figurative (particularly speech); specifically edge, portion or side; adverbially (with preposition) according to
shall shew forth
nagad (naw-gad')
to front, i.e. stand boldly out opposite; by implication (causatively), to manifest; figuratively, to announce (always by word of mouth to one present); specifically, to expose, predict, explain, praise
thy praise
thillah (teh-hil-law')
laudation; specifically (concretely) a hymn -- praise.