Vast, Ôleifs sonr, austan
eflðr á vatn it skeflða.
Sonr Ôleifs, vast eflðr austan á it skeflða vatn.
Óláfr’s son [= Magnús], you were powerfully launched from the east onto the heaped water.
[2] skeflða ‘heaped’: The image is of foaming waves piled up like a skafl m. ‘snow-drift’.