To Frey, he gave the boar and said that no matter if it is day or night, this boar will race better across the sky and over the sea better than any mount. Furthermore, the shining golden bristles will turn night into day and be a beacon of light when traveling in the lands of darkness.
Brokkr gave the hammer to Thor and said with this hammer you can strike any foe that comes before you and it will never miss its mark. It will always return to your hand no matter how far you throw it. The hammer can’t be destroyed, and you can shrink it, so it will become so small it will fit inside your shirt. But there was, however, one defect, the handle had become too short, because of a fly.
After the Gods had seen all the items they decided that the hammer Mjolnir was the best of all the treasures and that this hammer would provide the best protection against the Giants. Therefore it was the two dwarf brothers that had won the bet.
Loki said that he would pay them gold to spare his head, but the brothers replied; we want your head and not your gold. Loki then yelled out, if you want my head you need to catch me. The brothers tried to grab him, but he had already run far away.
Loki can run very fast because he has some magical shoes, that allowed him to race through the air and over the sea. The dwarf brothers asked Thor to catch him, and so he did.
When Loki was caught and sat on his knees in the great hall in Asgard, he said; fine take my head but do not hurt my neck, because my neck was not part of the bet.
Annoyed at this and tired of hearing Loki speak, the brothers took a narrow strip of leather and a knife and wanted to cut holes in his lips and sew his mouth shut, but the knife would not cut.
The dwarves said it would be better if our brother Awl was here, and a few moments later after mentioning his name, he was there. He then stitched Lokis lips together with the needle called Vartari, and finally, Lokis mouth was shut.