The Laodicean may not necessarily say these things consciously, but he broadcasts it for all to see by his works and way of life! He thinks he lives in his "golden years." Being blind to his own spiritual poverty, however, is the real tragedy of his situation. He thinks he is in good standing with God. Christ judges differently, very concerned that the Laodicean cannot see his spiritual condition. He is spiritually bereft.
Christ describes the Laodicean as "poor." Biblically, "poor" does not mean the same as our normal English usage of the word. It indicates someone who is weak, with no consideration of how wealthy he may be. To God, the Laodicean is spiritually weak, when he thinks he is strong.
Next, he is "blind." Of course, this is not physical blindness but a lack of spiritual comprehension or judgment. Just as a blind person cannot use his eyes to judge a circumstance, the Laodicean is unaware, unknowing, unobservant, uncomprehending, and heedless.
Christ also judges him as "naked." Clothing—or its lack—illustrates a person's state of righteousness, and here it shows converted people who are still carnal, as Paul called the Corinthians (I Corinthians 3:3). The Laodicean is dominated by his fleshly attitudes. Physically oriented, he is governed by human nature, rather than by God.
"Wretched and miserable" together provide further descriptions of "poor, blind, and naked." Because they are poor, blind, and naked, they are wretched and miserable, even though they have not realized it. Miserable has been translated elsewhere as "pitiful" or "pitiable." Wretched is especially interesting. In other places in the New Testament, it indicates destitution because of war. God means that while they may be wealthy, they are losing the spiritual war against Satan and their carnal nature.