Flugstalla réð felli*
fjǫrnets goða at hvetja
— drjúgr vas Loptr at ljúga —
lǫgseims faðir heiman.
Geðreynir kvað grœnar
Gauts herþrumu brautir
vilgi tryggr til veggjar
viggs Geirrøðar liggja.
Faðir lǫgseims réð at hvetja felli* fjǫrnets goða flugstalla heiman; Loptr vas drjúgr at ljúga. Vilgi tryggr geðreynir Gauts herþrumu kvað grœnar brautir liggja til viggs veggjar Geirrøðar.
The father of the sea-thread [= Miðgarðsormr > = Loki] decided to goad the preparer of the life-net [KILLER] of the gods of precipice-altars [MOUNTAINS > GIANTS > = Þórr] to leave home; Loptr <= Loki> was assidious at lying. The by no means trustworthy mind-tester of the Gautr <= Óðinn> of host-thunder [BATTLE > WARRIOR = Þórr > = Loki] said that green paths lay towards the steed of the wall [HOUSE] of Geirrøðr <giant>.