Varða, gims sem gerði
Gerðr bjúglimum herða
— gnýr óx Fjǫlnis fúra —
farlig sæing jarli,
þás hringfôum Hanga
hrynserk Viðurr brynju
— hruðusk riðmarar Róða
rastar — varð at kasta.
Varða, sem farlig Gerðr gims gerði jarli sæing bjúglimum herða — gnýr fúra Fjǫlnis óx —, þás Viðurr brynju varð at kasta hringfôum hrynserk Hanga; riðmarar rastar Róða hruðusk.
It did not come about as if an attractive Gerðr <goddess> of the fire [WOMAN] made a bed for the jarl with her curving branches of the shoulders [ARMS] — the din of the fires of Fjǫlnir <= Óðinn> [SWORDS > BATTLE] increased —, when the Viðurr <= Óðinn> of the mail-shirt [WARRIOR = Hákon] had to throw off his ring-depleted clanging shirt of Hangi <= Óðinn> [MAIL-SHIRT]; the riding horses of the path of Róði <sea-king> [SEA > SHIPS] were cleared.
 varða ‘it did not come about’: Bjarni Aðalbjarnarson understands this as equivalent to vasa ‘it was not’, suggesting that varða was chosen to provide hending, but the literal meaning makes good sense.
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