Respect your elders and ancestors; Follow Allah's commands; Take part in activities prescribed by Him such as circumambulating around Kaaba; Pray at places like Maqam Ibrahim etc..

This hadith narrates an event that took place during the time of Prophet Muhammad's life. It was narrated by Jabir that when Prophet Muhammad finished circumambulating the House, he came to Maqam Ibrahim. Umar then said that this is the same place mentioned in Quran 2:125 as a place for prayer. The significance behind this hadith is that it shows us how important it is to pray at places like Maqam Ibrahim and how we should take advantage of such places for our prayers. It also teaches us about respecting our elders and ancestors, as Umar referred to Abraham as his father in this hadith. Furthermore, it reminds us about following Allah's commands and taking part in activities like circumambulating around Kaaba which are prescribed by Him.