Ty.

39.  I of a hand am wanting, but thou of honest fame; sad is the lack of either.  Nor is the wolf at ease:  he in bonds must bide, until the gods’ destruction.

Loki.

40.  Be silent, Ty; to thy wife it happened to have a son by me.  Nor rag nor penny ever hadst thou, poor wretch! for this injury.

Frey.

41.  I the wolf see lying at the river’s mouth, until the powers are swept away.  So shalt thou be bound, if thou art not silent, thou framer of evil.

Loki.

42.  With gold thou boughtest Gymir’s daughter, and so gavest away thy sword:  but when Muspell’s sons through the dark forest ride, thou, unhappy, wilt not have wherewith to fight.

Byggvir.

43.  Know that were I of noble race, like Ingun’s Frey, and had so fair a dwelling, than marrow softer I would bray that ill-boding crow, and crush him limb by limb.

Loki.

44.  What little thing is that I see wagging its tail, and snapping eagerly?  At the ears of Frey thou shouldst ever be, and clatter under mills.

Byggvir.

45.  Byggvir I am named, and am thought alert, by all gods and men; therefore am I joyful here, that all the sons of Hropt drink beer together.

Loki.

46.  Be silent, Byggvir!  Thou couldst never dole out food to men, when, lying in thy truckle bed, thou wast not to be found, while men were fighting.

Heimdall.

47.  Loki, thou art drunk, and hast lost thy wits.  Why dost thou not leave off, Loki?  But drunkenness so rules every man, that he knows not of his garrulity.

Loki.

48.  Be silent, Heimdall!  For thee in early days was that hateful life decreed:  with a wet back thou must ever be, and keep watch as guardian of the gods.

Skadi.

49.  Thou art merry, Loki!  Not long wilt thou frisk with an unbound tail; for thee, on a rock’s point, with the entrails of thy ice-cold son, the gods will bind.

Loki.

50.  Know, if on a rock’s point, with the entrails of my ice-cold son, the gods will bind me, that first and foremost I was at the slaying, when we assailed Thiassi.

Skadi.

51.  Know, if first and foremost thou wast at the slaying, when ye assailed Thiassi, that from my dwellings and fields shall to thee ever cold counsels come.

Loki.

52.  Milder wast thou of speech to Laufey’s son, when to thy bed thou didst invite me.  Such matters must be mentioned, if we accurately must recount our vices.

Then came Sif forth, and poured out mead for Loki in an icy cup, saying: 

53.  Hail to thee, Loki! and this cool cup receive, full of old mead:  at least me alone, among the blameless AEsir race, leave stainless.

He took the horn, drank, and said: