The volume opens with the Poetic Edda, traditionally attributed to Sæmund the Wise, a collection of mythological and heroic lays that preserve the earliest accounts of Norse religion and legend. It details the origins of the world from a chaotic chasm, the fashioning of dwarves and men, and the apocalyptic visions of the Vala regarding Ragnarok, the destruction and renewal of the cosmos.
Following the mythological poems, the text presents heroic lays concerning the Volsung race and the Niflungs. These include the tragic story of Volund the smith, the exploits of the Helgi cycle, and the fateful destinies of Sigurd and Brynhild. The narratives portray a heroic age defined by loyalty, blood feuds, relentless passions, and fatal choices.
The second major portion of the work is the Prose Edda, ascribed to the thirteenth-century Icelandic historian Snorre Sturleson. This section provides a comprehensive prose synopsis of Scandinavian mythology, drawing heavily from the earlier poetic sources and offering structured explanations of the ancient traditions.
Interspersed throughout the collection are instructional poems, such as the High One's Lay, which imparts practical wisdom, maxims for daily conduct, and rules of hospitality. These verses reveal the social ethics and worldly philosophy of the ancient northern peoples, emphasizing prudence, self-reliance, and the permanence of fame.
The compilation also includes numerous dramatic exchanges and quests, such as Odin's journey to the giant Vafthrudnir to contest knowledge, and Thor's recovery of his stolen hammer from Thrym. These episodes highlight the cunning, strength, and occasional follies of the divine figures.
The heroic legends culminate in the grim cycle of betrayal among the Niflungs and the tragic demise of Sigurd. The narrative traces the cascading consequences of broken oaths and vengeful passions, leading inexorably to the downfall of the major lineages and the final ruin of the legendary world.