Heyrðak svá, þat síðan
sveik apt ása leiku
hugreynandi Hœnis
hauks flugbjalfa aukinn.
Ok lómhugaðr lagði
leikblaðs Reginn fjaðrar
ern at ǫglis barni
arnsúg faðir Mǫrnar.
Heyrðak svá, þat hugreynandi Hœnis, aukinn flugbjalfa hauks, síðan sveik apt leiku ása. Ok lómhugaðr faðir Mǫrnar, Reginn leikblaðs fjaðrar, lagði ern arnsúg at barni ǫglis.
I have heard thus, that the thought-trier of Hœnir [= Loki], strengthened with a hawk’s flight-skin [WINGS], afterwards recovered the playmate of the gods [= Iðunn] by trickery. And the deceit-minded father of Mǫrn <= Skaði> [= Þjazi], the Reginn <legendary smith> of the play-blade of the feather [WING > GIANT = Þjazi], directed a swift eagle-sucking at the hawk’s child [HAWK = Loki].