This poem is from the proverbial distichs of Georgius Carolides (1569-1612), which you can read online at the University of Mannheim.
Ars Poetandi
Disce poetandi de toto artemque canendi,
Nam faciet risum, si tibi nota parum.
The vocabulary is keyed to the DCC Latin Vocabulary list. There is only one word in this poem that is not on the DCC list:
poētor, poētārī: be a poet, write poetry
rīsus (rīsūs, m.): laughter
ars artis f.: skill
canō canere cecinī cantum: sing
dē: down from, about, concerning (+ abl.)
discō -ere didicī: learn
faciō facere fēcī factum: do, make
nam or namque: for, indeed, really
nōtus -a -um: well-known
parum: too little
que (enclitic) - and
sī: if
tōtus -a -um: whole, entire
tū tuī tibi tē: you (sing.)