Each term, name, concept, epithet can have multiple meanings in Icelandic.
(remember: never mere meaningless “labels“ at all).

Each name conveys a vital part, or some multilayer riddle, of the story, the tricky role of the character there.
Even contradictory attributes.

-Why would Logi eat the wooden plate along with the food?
-Because his name means “flame”, actually a burning fire.

Logi is a proper name (boy’s name) in Icelandic,
and
we shall understand meaning of names, to better enjoy the stories, enjoy our myths, and enjoy life.

Note: pronunciation in Icelandic: Loki, Logi, Loki, Logi.
Listen to pronunciation in video (below)

When we see Þór as electricity, we see electrical attributes:
Röskva is the efficient one;  adj. rösk (fem.) swift, speedy, capable,
and
Þjálfi is the malleable one, flexible, skilled, practiced. Adj. þjáll (mask.) apt, lithe.

Actually a nick-name for a coach (in sport-training), and physical resilience, bounce-back to health, is þjálfi, as an epithet (not capitalized in Icelandic).
Association of University-students is named Röskva.
So these names live in the language.

-So why would Hugi win over the swift and speedy electricity?
-Because he is thought of mind.
Hugi is a proper name (mask) in Icelandic.
Hugur in Icelandic is mind,
hugsun in Icelandic is thought.

A huge mitten, of which the thumb is unfathomably big, can be telling us that Útgarðar are outer space. That is pretty big — to my mind.
Icelandic for “to my mind”: í mínum huga (in my mind).

We know that Þór and his lightnings have a huge role in outer space. His protection is great. We should appreciate his brotherly care for us.
Just refer to Svalinn the shield, and our northern (and southern) lights, aurora borealis, the little that slips in from Útgarðar.

Elli means old age in Icelandic. Often personified in modern language, and called elli kerling (old-age woman).

And hast thou ever felt and seen how “long”, stretched, and flexible a little cat can become?

I simply adore the endings of some myths:

When Þórs rage and ire of being mocked and humiliated reaches culmination,
all the mirage simply evaporates to thin air.

Is our life a mirage?

See other similar instances in myths:
The whole story turns out to be nothing tangible  –  just when it takes us to the top of our enthusiastic interest.

Is every our human thought just a myth, and an intangible mirage?

We should know that we are Truth itself.
Not our dear human thoughts.

Note:  enthusiasm means en theos – godly powered; þeos is god.
So enthusiastic is the one powered by his own inner divine will.

Þingvellir (our ancient þing-site), Almannagjá, Iceland.
Parliament of Iceland, Alþingi, was founded long long ago in Heathen times, and still is ours. Our Heathen forefathers talked things over, solved disputes, never carrying weapons on Alþingi (parliament);
Note: French parler to talk, parlemant þing.- We talk to settle things.

Askur and Embla

Who know that “man” means man and woman in Icelandic, as used to be in English?
Man-trees are male and female men.

And invading Viking “Norse-men” is Nordic people  —  implies, men and women.

Who knows that curfew means copri fuoco, cover the fire,
as used to do our forefathers before going to bed, to keep the glow under ashes till morning?  Icelandic: fela eldinn.

Who know that val (in Icelandic) can mean
* a choice: mitt val, my choice
* valur as falla í valinn (die, not necessarily slain at all;
do not jump to some one
propagated incomplete
narrow-minded meaning)
* a hawk (valur, stem val) like Váli the rising one,
and
val to have the original meaning: to return home?

Know that the language of myths is complex and profound,
and that it is a delight to understand the complex layers.

Same Loki Logi Röskva Þjálfi Hugi on Youtube