Like other gods, Loki is a shape shifter and in separate sources appears in the form of a salmon, a mare, a fly, and possibly an elderly woman named Þökk (Old Norse 'thanks').
Loki is foretold to eventually break free from his bonds and, among the forces of the jötnar, to go to battle with the gods, during which time his children play a key role in the destruction of all but two humans over the events of Ragnarök.
Rather, the later Scandinavian variants of the name (such as Faroese Lokki, Danish Lokkemand, Norwegian Loke and Lokke, Swedish Luki and Luku) point to an origin in the Germanic root *luk-, which denoted things to do with loops (like knots, hooks, closed-off rooms, and locks).
In stanza 35 of the Poetic Edda poem Völuspá, a völva tells Odin that, among many other things, she sees Sigyn sitting very unhappily with her bound husband, Loki, under a "grove of hot springs".
The poem begins with a prose introduction detailing that Ægir, a figure associated with the sea, is hosting a feast in his hall for a number of the gods and elves.
Calling the gods arrogant, Loki asks why they are unable to speak, and demands that they assign him a seat and a place for him at the feast, or tell him to leave.
[11] Odin then asks his silent son Víðarr to stand up, so that Loki (here referred to as the "wolf's father") may sit at the feast, and so that he may not speak words of blame to the gods in Ægir's hall.
Odin responds that even if this is true, Loki (in a story otherwise unattested) once spent eight winters beneath the earth as a woman milking cows, and during this time bore children.
Njörðr (Freyja and Freyr's father) says that it is harmless for a woman to have a lover or "someone else" beside her husband, and that what is surprising is a "pervert god coming here who has borne children".
The goddess Skaði says that while Loki now appears light-hearted and "playing" with his "tail-wagging", he will soon be bound with his ice-cold son's guts on a sharp rock by the gods.
Continuing the poem, Sif welcomes Loki and invites him to take a crystal cup filled with ancient mead, and says that among the children of the Æsir, she is singularly blameless.
Loki ends the poetic verses of Lokasenna with a final stanza: Ale you brewed, Ægir, and you will never again hold a feast; all your possessions which are here inside— may flame play over them, and may your back be burnt!
[23] Following this final stanza a prose section details that after Loki left the hall, he disguised himself as a salmon and hid in the waterfall of Franangrsfors, where the Æsir caught him.
[25] In Jötunheimr, the jötunn Þrymr sits on a burial mound, plaiting golden collars for his female dogs, and trimming the manes of his horses.
At the thing, the god Heimdallr puts forth the suggestion that, in place of Freyja, Thor should be dressed as the bride, complete with jewels, women's clothing down to his knees, a bridal head-dress, and the necklace Brísingamen.
[31] While the three gods are at the falls, Ótr (in the form of an otter) catches a salmon and eats it on a river bank, his eyes shut, when Loki hits and kills him with a stone.
That night, the three gods stay with Hreidmar (the father of Regin, Andvari, and the now-dead Ótr) and show him their catches, including the skin of the otter.
Andvari, now in the form of a dwarf, goes into a rock, and tells Loki that the gold will result in the death of two brothers, will cause strife between eight princes, and will be useless to everyone.
In the poem, Fjölsviðr describes to the hero Svipdagr that Sinmara keeps the weapon Lævateinn within a chest, locked with nine strong locks (due to significant translation differences, two translations of the stanza are provided here): "Lævatein is there, that Lopt with runes Once made by the doors of death; In Lægjarn's chest by Sinmora lies it, Hævatein the twig is named, and Lopt plucked it, down by the gate of Death.
High says that Loki's alternative name is Lopt, that he is the son of the male jötunn Fárbauti, his mother is "Laufey or Nál", and his brothers are Helblindi and Býleistr.
High describes Loki as "pleasing and handsome" in appearance, malicious in character, "very capricious in behaviour", and as possessing "to a greater degree than others" learned cunning, and "tricks for every purpose", often getting the Æsir into trouble, and then getting them out of it with his trickery.
After some debate, the gods agree to these conditions, but place a number of restrictions on the builder, including that he must complete the work within three seasons without the help of any man.
[43] The gods declare that Loki deserves a horrible death if he cannot find a scheme that will cause the builder to forfeit his payment, and threaten to attack him.
Thor agrees to lift a large, gray cat in the hall but finds that it arches his back no matter what he does, and that he can raise only a single paw.
[57] The mid-11th century Gosforth Cross has been interpreted as featuring various figures from Norse mythology and, like the Kirkby Stephen Stone, is also located in Cumbria.
In his study of Loki's appearance in Scandinavian folklore in the modern period, Danish folklorist Axel Olrik cites numerous examples of natural phenomena explained by way of Lokke in popular folk tradition, including rising heat.
Olrik detects three major themes in folklore attestations; Lokke appeared as an "air phenomenon", connected with the "home fire", and as a "teasing creature of the night".
The main argument for this is that the gods Odin, Hœnir and Loki occur as a trio in Haustlöng, in the prose prologue to Reginsmál and also in the Loka Táttur a Faroese ballad, an example of Norse deities appearing in later folklore.
Þorgeirsson argues that the writer must have had information about the identification from either a tradition or that the author drew the conclusion based on the Prose Edda, as Snorri does not mention Lóðurr.
He suggests a borrowed element from the traditions of the Caucasus region, and identifies a mythological parallel with the "Christian legend of the bound Antichrist awaiting the Last Judgment".