contempláis
Contempláis is the second-person plural present indicative form of the Spanish verb contemplar. The verb contemplar generally translates to "to contemplate," "to gaze upon," "to behold," or "to consider." Therefore, "contempláis" specifically refers to the action performed by "you all" (ustedes in formal Spanish, or vosotros/vosotras in informal Spanish used in Spain). It describes the act of observing something with deep thought, attention, or admiration, or the mental process of thinking about something seriously.
For example, in a sentence like "¿Qué contempláis en el horizonte?", it would mean "What are you