Forngǫrvan ák firnum
farms Gunnlaðar arma
horna fors at hrósa
hlítstyggs ok þó lítinn.
Ák at hrósa firnum fors horna hlítstyggs farms arma Gunnlaðar forngǫrvan ok þó lítinn.
I have to praise vehemently the waterfall of horns [MEAD] of the trust-wary freight of the arms of Gunnlǫð <giantess> [LOVER = Óðinn > POETRY] made of old, and yet meagre.
[1] ‑gǫrvan: gǫrvar W, 2368ˣ, 743ˣ, ‑gǫrvum U