Suddenly, as Siegfried blew, the trees seemed to sway, the earth to give out fire. Regin, the dragon, had roused himself at the blast, and was even now drawing near to the Prince.

It was at the mighty strides of the monster that the trees had seemed to tremble, it was as he opened his terrible jaws that the earth had seemed to belch out fire.

For a little while Siegfried watched the dragon in silence. Then he laughed aloud, and a brave, gay laugh it was. Alone in the forest, with a sword, buckled to his side, the hero was afraid of naught, not even of Regin. The ugly monster was sitting now on a little hillock, looking down upon the lad, his victim as he thought.

Then Siegfried called boldly to the dragon, "I will kill thee, for in truth thou art an ugly monster."

At those words Regin opened his great jaws, and showed his terrible fangs. Yet still the boy Prince mocked at the hideous dragon.

And now Regin in his fury crept closer and closer to the lad, swinging his great tail, until he well-nigh swept Siegfried from his feet.

Swiftly then the Prince drew his sword, well tempered as he knew, for had not he himself wrought it in the forge of Mimer the blacksmith? Swiftly he drew his sword, and with one bound he sprang upon the dragon's back, and as he reared himself, down came the hero's shining sword and pierced into the very heart of the monster. Thus as Siegfried leaped nimbly to the ground, the dragon fell back dead. Regin was no longer to be feared.

Then Siegfried did a curious thing. He had heard the little Nibelung men who came to the smithy to talk with Mimer, he had heard them say that whoever should bathe in the blood of Regin the dragon would henceforth be safe from every foe. For his skin would grow so tough and horny that it would be to him as an armor through which no sword could ever pierce.