(During the following Siegfried removes the mould from the fire, breaks it and places the red-hot blade on the anvil: #121)
Siegfried: (#120 vari:) He wants to lead me where I’ll learn fear: a stranger will have to teach me (:#120 vari): (#103 inverted vari:) what he can do best he can’t impart (:#103 inverted vari); he remains a bungler in all that he does! (while forging: [[ #124: ]]) Hoho! Hoho! Hohei! Forge, my hammer, a hard-edged sword! Hoho! [etc.] (:#124)! [[ #124 >>>>: ]] Blood once died your faded blue; its bright red trickling made you blush: coldly then you laughed and licked the warm blood cool! Heiaho! Haha! Haheiaha! [[ #124>>: ]] Now the glowing coals have made you glow red; your yielding hardness yields to my hammer: in anger you spit out sparks at me for having tamed your brittleness! (#123:) Heiaho! Heiaho! Heiaho! Ho! Ho! (#124/#123 end:; #109?:) Hahei (:#124/#123 end)!
Mime: (aside: #109?; #124 >> & varis:) He’s making a sharp-edged sword for himself to bring down Fafner, the foe of all dwarfs: I’ve brewed a false drink to trap Siegfried once Fafner has fallen before him (:#124 & varis). My cunning is bound to succeed; my reward [“Lohn”] must smile upon me!
(During the following, Mime busies himself pouring the contents of the pot into a flask.)
[Siegfried repeats the “Forge, my hammer” sequence to #124 >>]
Siegfried: (#124 >>:) How I rejoice in the joyous sparks! The force of their fury adorns the brave: delighting, you laugh upon me now, though you look grim and grudging! Heiaho! [etc.]! (#124 >>:) Through heat and hammer have I succeeded; with mighty blows I hammered you flat: now may your blushing shame disappear; be as cold and hard as you can! (He brandishes the blade and plunges it into the bucket of water: #123) Heiaho! [etc.]!
(#121 chromatic vari: He laughs aloud at the hissing noise. While Siegfried attaches the newly forged blade to the hilt, Mime fusses about with his flask downstage. #41)