What does John 5:24-27 mean?

24 Verily, verily, I say unto you, He that heareth my word, and believeth on him that sent me, hath everlasting life, and shall not come into condemnation; but is passed from death unto life. 25 Verily, verily, I say unto you, The hour is coming, and now is, when the dead shall hear the voice of the Son of God: and they that hear shall live. 26 For as the Father hath life in himself; so hath he given to the Son to have life in himself; 27 And hath given him authority to execute judgment also, because he is the Son of man. (John 5:24-27 KJV)

William Burkitt’s Commentary

Here we have fifth evidence of Christ’s godhead, and equality with the Father: namely, that he is the author of spiritual and eternal life to all that believe on him. He that hath a fountain of life equal with the Father, and communicated to him from the Father, is God: But Christ hath this, ver.26. For as the Father hath life in himself, so he has given to the Son to have life in himself. Again, He that hath authority to execute judgement upon angels and men, is God: and Christ hath such authority, ver 27. He hath given him authority to execute judgment.

Farther, He that with his voice quickeneth and maketh alive them that hear it, is God: and Christ doth this, ver. 25. The dead shall hear the voice of the Son of God, and live. The dead : that is, 1. The spiritually dead; such as are dead in trespasses and sins: these hearing the voice of Christ in the ministry of the world, shall live a life of grace on earth, and a life of glory in heaven.

2. Such as are corporally dead also: these are likewise quickened and raised by Christ as God,

Learn hence, 1. That God the Father hath communicated to Christ his Son a power to quicken and enliven such as are spiritually and corporally dead.

2. That the Father’s communicating this power to the Son argues no inequality or inferiority in the Son, but he hath the same life infinitely, independently, and equally with the Father: as the Father hath it, so hath the Son. the Father hath it in himself, and so hath the Son also; therefore the Son as well as the Father is essentially and truly God.

3. Others, by the dead, understand those whom Christ raised from the dead, when he himself arose. When many of the bodies of the saints arose with him, it being said, The hour now is, &c. Dr. Whitby. Mt 26:45 to Mt 28:10