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Once let a figure become popular in oral tradition, and the number and variety of the incidents connected with his name will increase very rapidly. Doubtless there were scores of Weland stories current in the eighth, ninth, and tenth centuries, many of them with very little if any traditional authority. The main one, however, the story of the laming of the smith by King Nithuth (or by some other enemy) and of Weland's terrible revenge, forms the basis of the Völundarkvitha. To this, by way of introduction, has been added the story of Völund and the swan-maiden, who, to make things even more complex, is likewise said to be a Valkyrie. Some critics maintain that these two sections were originally two distinct poems, merely strung together by the compiler with the help of narrative prose links; but the poem as a whole has a kind of dramatic unity which suggests rather that an early poet—for linguistically the poem belongs among the oldest of the Eddic collection—used two distinct legends, whether in prose or verse, as the basis for the composition of a new and homogeneous poem.

The swan-maiden story appears, of course, in many places quite distinct from the Weland tradition, and, in another form, became one of the most popular of German folk tales. Like the story of Weland, however, it is of German rather than Scandinavian origin, and the identification of the swan-maidens as Valkyries, which may have taken place before the legend reached the North, may, on the other hand, have been simply an attempt to connect southern tradition with figures well known in northern mythology.

The Völundarkvitha is full of prose narrative links, including an introduction. The nature of such prose links has already been discussed in the introductory note to the Grimnismol; the Völundarkvitha is a striking illustration of the way in which the function of the earlier Eddic verse was limited chiefly to dialogue or description, the narrative outline being provided, if at all, in prose. This prose was put in by each reciter according to his fancy and knowledge, and his estimate of his hearers' need for such explanations; some of it, as in this instance, eventually found its way into the written record.

The manuscript of the Völundarkvitha is in such bad shape, and the conjectural emendations have been so numerous, that in the notes I have attempted to record only the most important of them.