Oh, the great gods of Asgard are noble and free
They are upright and forthright, (as great gods should be)
But there's one in their midst doesn't follow the rule
The sly mischief-monger called Loki the Fool.
He lies and he pilfers, tells jokes that are rude
He's raucous, he's ribald, he's rowdy, he's rude,
He tricks and he teases, though he's not really cruel--
Just don't turn your back on that Loki the Fool.

In grim Jotunheim, where the weather is freezin',
He mixed blood with Odin (and who knows the reason?)
They laughed and drank wine, went on gay escapades,
Fought wizards and trolls, and seduced fair young maids.
Now some think that Odin here made a mistake
By tying himself to this impudent rake
But I'll tell you a fact (though it makes scholars mad)
If the Alfather likes him, he can't be all bad.

Poor Lopt's reputation is not of the best
He gave Sif a slip-job without her behest,
He lifted from Freya her most precious jewel,
And Thor's got his hands full when he rides with the Fool.
He stole Idunn's apples, (which wasn't too nice)
Sired monsters galore and put Balder on ice,
And the gods all berate him for what he has done;
Well gee, can't a boy have a wee bit of fun?

They say he's corrupted and wicked indeed
'Cause he mothered the Alfather's mystical steed,
It's not he's perverted or easily led,
Let's just say that he's not very choosy in bed.
He tried to enliven sedate Asgard's halls
By tying the beard of a goat to his balls,
And they say that his tongue's his most effective tool--
And that's why all the ladies love Loki the Fool.

To the end of all time he'll run free in the land
And all things stir and change at the touch of his hand,
And when the world's old and no fun's left in store,
He'll blow it all up and start over once more.
Now scholars and such say he's captured and bound
But just look at the world, you'll see he's still around,
For to live here without him would be just too cruel,
Oh, Loki, we love you! Dear Loki, the Fool!