The boy is afraid because the giant's hand is brushing against the particular grain, but Odin calls him to him and returns him to his parents, telling them he has fulfilled the task.
Then he goes to the beach, where a boat is riding at anchor, rows out to sea, casts a weighted hook to the bottom, and catches a flounder.
Loki calls him to him and tells him to sit behind him and not let the giant see him and when they reach shore, to jump onto the beach so lightly that he does not make a mark in the sand.
[2] The story is a fairytale, but features the same trio of gods, Odin, Hœnir and Loki, as in the story of Þjazi in the Prose Edda, the prose introduction to the Eddic poem Reginsmál,[3][4] and also the late Icelandic Huldar saga, which has contributed to the argument that Loki is the same as Lóðurr, who appears elsewhere with Odin and Hœnir.
[6] Some scholars, including Hammershaimb, have pointed to the division of spheres between the three gods: Odin governing the skies and the crops they fertilise, Hœnir the seabirds and Loki the fishes, as reflecting the bases of Faroese life.
[7] Lyngbye preceded Loka Táttur with Skrímsla (Corpus Carminum Færoensium 90C), which appears to tell the earlier part of the story.