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Updated: May 13, 2025
Helgi thought that Regin wanted to help them, but without violating his oath to the king. Then Regin said to himself, so that the boys heard it, "If I had a matter to settle with the king, I would burn this grove." They took the hint and started a fire. Sævil came out with all his men and bade them aid the boys, and Regin took measures to get all his men and relatives out of the hall.
And as the lad leaned upon his sword, and thought of the deed he had done, behold! the shining Greyfell, with the beaming, hopeful mane, having crossed the now bright river, stood by his side. And Regin, his face grown wondrous cold, came trudging over the meadows; and his heart was full of guile.
And now Regin in his fury crept closer and closer to the lad, swinging his great tail, until he well-nigh swept Siegfried from his feet. Swiftly then the Prince drew his sword, well tempered as he knew, for had not he himself wrought it in the forge of Mimer the blacksmith?
And yet again he said, "Regin, my brother, has brought about my end, and it gladdens my heart that thine too he bringeth about; for thus will things be according to his will."
And this Mimer did, though he knew that in the very part of the forest to which he was sending the lad there dwelt a terrible dragon, named Regin. Indeed Regin was a brother of the little blacksmith, and would be lying in wait for the Prince. It would be but the work of a moment for the monster to seize the lad and greedily to devour him.
"Let the curse be upon me," was the answer. "Is not the wisdom of the ages mine? And think you that I cannot escape the curse? Is there aught that can prevail against him who has all knowledge and the wealth of the world at his call?" "Nothing but the word of the Norns and the will of the All-Father," answered Siegfried. "But will you help me?" asked Regin, almost wild with earnestness.
"There sittest thou, Sigurd, roasting Fafnir's heart for another, that thou shouldest eat thine ownself, and then thou shouldest become the wisest of all men." And another spake: "There lies Regin, minded to beguile the man who trusts in him." But yet again said the third, "Let him smite the head from off him then, and be only lord of all that gold."
And the two birds flew away to carry the news to Odin in the happy halls of Gladsheim. When Regin drew near to look upon the dragon, Siegfried kindly accosted him: but he seemed not to hear; and a snaky glitter lurked in his eyes, and his mouth was set and dry, and he seemed as one walking in a dream.
"Alas!" answered Regin, "the treasure is indeed mine; and yet wrongfully has it been withheld from me. But listen a while to a tale of the early days, and thou shalt know what the treasure is, and what is the wrong to be righted."
Regin answered, "Fafnir is his name, and but a little way hence he lies, on the waste of Gnita-heath; and when thou comest there thou mayst well say that thou hast never seen more gold heaped together in one place, and that none might desire more treasure, though he were the most ancient and famed of all kings."
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