Creation of Mead
Kvasir was a god of Knowledge. He was so wise that there were no questions he could not answer. He travelled around the world to give knowledge to mankind. One day, he visited the dwarves Fjalar and Galar. They killed him and poured his blood into two vats and a pot. They mixed his blood with honey, thus creating a mead which made anybody who drank it a "poet or scholar".
From the Dwarves to Suttungr
Fjallar and Gallar become bold by drinking the Magic Mead, but in their souls they were villains who liked to play evil tricks. They once invited a harmless and simple giant, Gilling,. They took him to sea, intentionally steered it onto the rocks which destroyed the boat and the giant, who couldn’t swim, drowned. The dwarves then came back ashore on pieces of the ships and went home and broke the news to Gilling's wife, which plunged her deep in grief. Fjallar proposed showing her the place where her husband had drowned but the dwarf Gallar got tired of her weeping, went before her and dropped a millstone on her head when she crossed the threshold of the house.
When Gilling's son, Suttungr, learned what had happened, he went to the dwarves and led them to a reef which was covered with water at high tide. The dwarves begged him and offered him the mead in compensation for his father's death. Suttungr agreed. When he came back home, he stored the mead in a place called Hnitbjörg where his daughter, Gunnlöd, was in charge of guarding it. It is important to mention that Gunnlöd was once beautiful and loving Giant admired by many, but Suttungr looking for guardian of Magic Mead put a spell on her, changing Gunnlöd into a witch with long teeth and sharp nails.
Theft by Odin
Odin met nine slaves who were scything hay and offered to sharpen their scythes. His whetstone worked so well that they all wanted to buy it. Odin threw it up in the air and the slaves struggled for it to death, cutting each other's throats.
Then he spent the night at Baugi's place. Baugi was Suttung's brother. He complained that business did not go well since his slaves had killed each other and he could not get anybody to stand in for them. Odin, who said his name was Vegtam the Wanderer, proposed to do their work... so he stayed during summer did the work as agreed and in exchange for it ask for a draught of Suttung's mead. Baugi agreed, saying that he would try to persuade his brother. He went to Suttung's, who refused to give a single drop of the beverage.
Odin then suggested Baugi use a trick. He gave him the drill and asked him to dig into Hnitbjörg Mountain where the Magic Mead was hidden. After Baugi drilled a whole in the mountain Vegtam slipped into it, having taken the form of a snake. Baugi seeing the opportunity tried in vain to hit him and to kill him with the drill.
Oddin arrived by Gunnlöd, he kissed her and took the spell off. She became so grateful that she give away the Magic Mead in favour. They spent together three nights and then they found hidden paths to the way out of the mountain. Odin took the Magic Mead then transformed into an eagle and flew away.