| The dawn is breaking | |
| Light comes bright | |
| On the new day now awaking | |
| Giants Thor will fight | |
| He is looking everywhere | |
| For his mighty crusher | |
| The weapon is not there | |
| Bringing anger to the rusher | |
| Thrym has stolen Mjoellnir | |
| He wants Freyja as a prize | |
| For the weapon giants fear | |
| Don't think this to be wise | |
| See the eyes of redbeard | |
| Filled with divine rage | |
| Asking Freyja as she neared | |
| To go into the giants cage | |
| But Freyja just refuse | |
| To be the hammers pawn | |
| Loki knows what trick to use | |
| Use brain instead of brawn | |
| [Refrain:] | |
| All giants died, the hammer's home | |
| And Freyja is still here | |
| One will someday challenge him alone | |
| But that is not anybody near! | |
| Thor and Loki now disguise | |
| Themselves as Freyja and handmaid | |
| The mighty has to hide his eyes | |
| And both travel to their fate | |
| Thrym gladly hail his bride | |
| His pleasure was unseen | |
| He does not see what Thor did hide | |
| But had a notion of the mean | |
| Some things were strange to him | |
| And he was curious to know | |
| Loki swiftly starts the answering | |
| So the giant didn't see his foe | |
| A ritual shall seal the bond | |
| The hammer falls into the fold | |
| Rage breaks through and goes beyond | |
| Everything since days of old |