valfasti ‘the corpse-flame [SWORD (brandr ‘fire’)]’: A kenning for ‘sword’. It seems that we are dealing with an ofljóst (‘too transparent’) construction, i.e. a play on the word brandr, which can mean both ‘sword’ (valfasti) and ‘fire’. Another alternative would be to adopt the F variant salfasti ‘hall-fire’ and read salfasti djúps ‘the hall-fire of the deep’, i.e. ‘the hall-fire of the sea’. The god Ægir was the personification of the sea (see Note to st. 15/8), and, according to the prose introduction to Lok (see NK 96), his hall was lit by white gold (lýsigull) (see also NN §2534 and the detailed discussion in Clunies Ross 1987, 138-50). Kock (NN §2534) emends to djúps svalfasti ‘the cool fire of the deep’ i.e. ‘gold’ while Finnur Jónsson (LP: valfasti 2) merely notes that the cpd in this particular instance means ‘fire’.
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