Hugstóran biðk heyra
— heyr, jarl, Kvasis dreyra —
foldar vǫrð á fyrða
fjarðleggjar brim dreggjar.
Biðk hugstóran vǫrð foldar heyra á brim dreggjar fyrða fjarðleggjar; heyr, jarl, dreyra Kvasis.
I bid the high-minded guardian of the land [RULER = Hákon jarl] listen to the surf of the dregs of the men of the fjord-bone [ROCK > DWARFS > POEM]; hear, jarl, the blood of Kvasir <mythical being> [POEM].
 fyrða: ‘fi(r)ða’(?) Tˣ
[3-4] fyrða fjarðleggjar ‘of the men of the fjord-bone [ROCK > DWARFS]’: The kenning is here assumed to refer to dwarfs, since they brewed the mead of poetry. It could alternatively refer to the giants, who are known as mountain-dwellers, but they obtained the mead as ransom from the earlier owners, the dwarfs.
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