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When the judges were seated, and all were in readiness, Loki went forward and gave to Odin the spear Gungner, that would always hit the mark; and to Frey he gave the ship Skidbladner, that would sail whithersoever he wished.

Whether it had suddenly been clutched by the greedy fingers of the Sea-queen Ran, and dragged down into her deep sea-caverns, or whether, like the wondrous ship Skidbladner, it had been folded up, and made invisible to the eyes of men, Siegfried never knew.

His ship Skidbladner can carry him only over the sea; but Golden Bristle shall be a trusty steed that will bear him with the speed of the wind over the land or through the air." Next the dwarfs threw gold into the furnace, and Brok plied the bellows, and Sindre gazed into the flames, as before.

Loki was much pleased; and, although he felt disappointed because he had no present for Thor, he heartily thanked the dwarfs for their kindness; and taking the golden hair, and the spear Gungner, and the ship Skidbladner, he bade Ivald's sons good-by, and started for home.

Thor stepped aside; and the frightened culprit fled from the hall, and was soon out of sight. The feast was broken up. The folk bade AEgir a kind farewell, and all embarked on Frey's good ship Skidbladner; and fair winds wafted them swiftly home to Asgard. Loki fled to the dark mountain gorges of Mist Land, and sought for a while to hide himself from the sight of both gods and men.

Then, at a word from the dwarfs, it began to shrink, and it became smaller and smaller until it was no broader than an oak-leaf. And the younger of Ivald's sons folded it up like a napkin, and gave it to Loki, saying, "Take this to Frey the gentle. It is the ship Skidbladner.