Like as a huntsman after weary chase,
Seeing the game from him escap'd away,
Sits down to rest him in some shady place,
With panting hounds beguiled of their prey:
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i think this is a woman he might be talking about or the good 'nature' of natural things?
This poem is part of Spenser's Amoretti, which was his sonnet cycle written to the woman he eventually married. Here he is using a deer to symbolize her. That he chased her and chased her and it wasnt until he stopped and let her choose that she finally came to him.