This rather astonished the Prince, who naturally thought a ring would be of little use to a man who was half starving; however, he did as he was bid, and when the snake-father asked him what he desired, he replied, 'Thank you; I have everything, and want for nothing.'
Then the snake-father asked him once more what he would take as a reward, but again he answered that he wanted nothing, having all that heart could desire.
Nevertheless, when the snake-father asked him the third time, he replied, 'Since you wish me to take something, let it be the ring you wear on your finger, as a keepsake.'
Then the snake-father frowned, and looked displeased, saying, 'Were it not for my promise, I would have turned you into ashes on the spot, for daring to ask for my greatest treasure. But as I have said, it must be. Take the ring, and go!'
So the Prince, taking the ring, set off homewards with his servant the serpent, to whom he said regretfully, 'This old ring is a mistake; I have only made the snake-father angry by asking for it, and much good it will do me! It would have been wiser to say a sack of gold.'
'Not so, my Prince!' replied the serpent; 'that ring is a wonderful ring! You have only to make a clean square place on the ground, plaster it over according to the custom of holy places, put the ring in the centre, sprinkle it with buttermilk, and then whatever you wish for will be granted immediately.'
Vastly delighted at possessing so great a treasure as this magic ring, the Prince went on his way rejoicing, but by and by, as he trudged along the road, he began to feel hungry, and thought he would put his ring to the test. So, making a holy place, he put the ring in the centre, sprinkled it with buttermilk, and cried, 'O ring, I want some sweetmeats for dinner!'
No sooner had he uttered the words, than a dishful of most delicious sweets appeared on the holy place. These he ate, and then set off to a city he saw in the distance.
As he entered the gate a proclamation was being made that any one who would build a palace of gold, with golden stairs, in the middle of the sea, in the course of one night, should have half the kingdom, and the King's daughter in marriage; but if he failed, instant death should be his portion.
Hearing this, the spendthrift Prince went at once to the Court and declared his readiness to fulfil the conditions.