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And thus it happened that the Magic Mead, brewed by the Dwarfs through cruelty and villainy, came into the hands of the Giants. And the story now tells how Odin, the Eldest of the Gods, at that time in the world as Vegtam the Wanderer, took the Magic Mead out of Suttung's possession and brought it into the world of men.

"It is Vegtam the Wanderer who calls. For whom is the bed prepared and the seat left empty in Hela's habitation?" "For Baldur, Odin's son, is the bed prepared and the seat left empty. Now let me go back to my sleep with the Dead." But now Odin saw beyond Volva's prophecy. "Who is it," he cried out, "that stands with unbowed head and that will not lament for Baldur? Answer, Volva, prophetess!"

And so Odin, no longer riding on Sleipner, his eight-legged steed; no longer wearing his golden armor and his eagle-helmet, and without even his spear in his hand, traveled through Midgard, the World of Men, and made his way toward Jötunheim, the Realm of the Giants. No longer was he called Odin All-Father, but Vegtam the Wanderer.

Then Odin, looking into the future across the open grave, saw all the days to come. "Who is this," he said, seeing that which no mortal could have seen; "who is this that will not weep for Balder?" Then the prophetess knew that it was none other than the greatest of the gods who had called her up. "Thou art not Vegtam," she exclaimed, "thou art Odin himself, the king of men."

"One man's work is no use to me," said the Giant, "I must have the work of nine men." "I shall do the work of nine men," said the Wanderer, "give me a trial, and see." The next day Vegtam the Wanderer went into Baugi's field. He did as much work as the nine thralls had done in a day. "Stay with me for the season," said Baugi, "and I shall give you a full reward."

Baugi went back to his house and told the Wanderer that Suttung would yield none of the Magic Mead. "I hold you to your bargain," said Vegtam the Wanderer, "and you will have to get me the fee I asked. Come with me now and help me to get it." He made Baugi bring him to the place where the Magic Mead was hidden. The place was a cavern in the mountain.

Little Hnossa, the youngest of the Dwellers in Asgard, was there, standing beside Heimdall, the Watcher for the Gods and the Keeper of the Bridge to Urda's Well, when Odin All-Father and Frigga, his Queen, went through the great gate with heads bent. "Tomorrow," Hnossa heard Odin say, "tomorrow I shall be Vegtam the Wanderer upon the ways of Midgard and Jötunheim."

"I am Vegtam the Wanderer," Odin said, "and I know who thou art, O Vafthrudner. I would strive to learn something from thee." The Giant laughed, showing his teeth. "Ho, ho," he said, "I am ready for a game with thee. Dost thou know the stakes? My head to thee if I cannot answer any question thou wilt ask. And if thou canst not answer any question that I may ask, then thy head goes to me.

Then Odin, for the first time in his life, said what was not true; the shadow of Baldur dead fell upon his lips, and he made answer, "My name is Vegtam, the son of Valtam." "And what do you want from me?" asked the Vala. "I want to know," replied Odin, "for whom Hela is making ready that gilded couch in Helheim?" "That is for Baldur the Beloved," answered the dead Vala.

And Odin, now Vegtam the Wanderer, came into that silent place and spoke to Vidar, the Silent God.