Today I read this verse more in its context than before. That made me “regard” (observe NASB) (8104) it in a different light. It is very easy in Proverbs to get in the habit of thinking every verse stands alone. Solomon has just finished telling his son to pay attention and listen to what he is sharing. This word is to reinforce that listening by calling on his son to watch.
On one side that is a reminder that we can benefit by watching others who demonstrate godly wisdom. See how they respond. Try to understand how they prepare themselves. It might help also if we would read biographies of people who have walked the walk. Jesus modeled this as He washed the feet of the disciples.
(John 13:15 KJV) For I have given you an example, that ye should do as I have done to you.On the other side this is a call for us to live as examples. After we have given our admonitions it is time for us to live it. Some people who are quiet will skip the lectures and go straight to the daily demonstration. Paul had no inhibitions about stating this.
(Philippians 3:17 KJV) Brethren, be followers together of me, and mark them which walk so as ye have us for an ensample.So? Watch others. Live like others are watching you. Few of us are forest rangers living in a tower in the middle of the forest watching for fires.