Once upon a time a young farmer lived east of Eyjafjollum (Eyja Mountains). He was diligent and hardworking. Where he was, sheep were aplenty and he had many of them.
He had just married as this tale is told. His wife was young but lazy and weak. She never wanted to do anything and had little to do with every day running of the farm. The farmer was not pleased by this but could do little.
One fall he brought her a good amount of wool and asked her to work it during the winter, she did not approve much of that. Then winter came and she did nothing, but told the farmer she was going to.
An Older woman, rather big boned and large, approached his wife and asked her for help. „Can you work for me in return? “ The wife said. „That could be „The old woman said, „But what should I do? “ „Work wool „The wife replied. „Then give it to me „ The old woman said.
The wife then took a very large bag of wool and handed it to her. The old woman took the bag on her back and said: „I will bring it back on the first day of summer.“ „What would you like in return? “ Said the wife. „Not much „The old woman replied; „Tell me my name on the third guess, and then we shall be even.“ The wife agreed, and the old woman departed.
The winter raged on, and the farmer frequently asked, where the wool was. She told him not to worry, that he should have it on the first day of summer. The farmer thought no more of it, and then the winter months were almost over. Then the wife started to think about the old woman’s name, but found no way to know it. She started to become worried and the farmer saw that she was startled, and asked her to tell him what was wrong. She told him the whole story. The farmer became frightened and said, that now she had done a wicked thing, for this must have been a troll, that would be back to claim her.
Later the farmer walked up into the mountain, and came upon a large rock hill. He was thinking about his troubles and was not minding where he was going. Then he heard a sound in the hill. He followed the sound and comes to a crack in the wall. Then he saw a rather large woman, working a web of wool. She had the wool between her legs and worked it well.
She sang to herself: „Hey hey and ho ho. Lady of the house, does not know my name, hey hey and ho ho, Gilitrutt is my name, ho, ho. Gilitrutt is my name, Hey hey and ho ho.“ This she sang again and again as she diligently worked the wool. The farmer was pleased as he recognized the woman as the one his wife had described.
He went back to his home and wrote down on a note, the name Gilitrutt. He did not tell his wife yet and time passed until it was finally the last day of winter. By then his wife was very worried and did not even dress that day. Then the farmer came to visit and asked her if she knew the name. She told him no and that she was preparing for her death. The farmer told her that would not be the case, gave her the note and told her the whole story. She took the note and shivered with fear for she worried that the name might be wrong. She asked the farmer to stay with her when the old woman came. He says: „No, it was you who gave her this task, and it will be you who pays her back.“ Then he left.
The first day of summer finally arrives, and the wife lies alone in her bed, no one else was home that day at the farm. Then she heard sounds like thunder, as the old woman arrived and she did not look friendly at all. She hauled on the floor all the wool and says: „Now what is my name, what is my name?“
The wife was terrified and replied: „Signý“? „That is not my name, not my name, guess again, lady“The troll said. „Ása?“ She replied. „That is not my name, not my name, guess again, lady! “ „I don‘t suppose your name is Gilitrutt?“ The wife replies. The troll was so startled that it fell to the floor with a loud thump. Then it got up and left, never to be seen again.
The wife was so pleased that she has escaped such a monster that she changed her ways. She became diligent and assertive from that day forward and always worked her own wool.