The saga tells the story of eight generations of the same Icelandic family. The seventh generation occupies a central place: events related to it took place at the end of the 10th and beginning of the 11th centuries.

Ketil the Flat Nose held a high position in Norway. When king Harald the Fair-haired reached his highest power, Ketil gathered his relatives for advice. Everyone agreed that it was necessary to leave the country. The sons of Ketil Bjarn and Helgi decided to settle in Iceland, about which they had heard a lot of tempting things. Ketil said that in his advanced years it is better to go west, overseas. He knew these places well. Ketil went to his daughter Unn the Wise. In Scotland, he was well received by noble people: he and his relatives were invited to settle wherever they wanted. The son of Unn Wise Thorstein was a successful warrior and took over half of Scotland. He became a king, but the Scottes broke the agreement and insidiously attacked him. After the death of his father and the death of his son, Unn the Wise secretly ordered a ship to be built in the forest, equipped him and hit the road. All the surviving relatives went with her. There was no other case that a woman escaped from formidable danger with so many companions and with such wealth! She was accompanied by many worthy people, but all excelled a noble man named Coll from the Valleys.

Torstein the Red had six daughters and one son, whose name was Olav Feilan. Unn married all her granddaughters, and each of them gave rise to an illustrious family. In Iceland, Unn first visited the brothers, and then occupied the vast lands around the Bradfjord. In the spring, Coll married Torgerd, daughter of Thorstein the Red, - Unn gave the whole Laxdahl valley as her dowry. She declared her heir to Olav Feilan. On her grandson's wedding day, Unn suddenly left the festival. The next morning, Olav went into her room and saw that she was sitting dead in bed. People admired that Unn managed to maintain dignity and greatness until the day of death.

When the Coll from the Dales fell ill and died, his son Haskuld was in his youth. But Torgerd, the daughter of Thorstein, the mother of Haskuld, was still a young and very beautiful woman. After Coll died, she told her son that she did not feel happy in Iceland. Haskuld bought her a half-ship, and she sailed with great wealth to Norway, where she soon married and gave birth to a son. The boy was given the name Khrut. He was very handsome - like his grandfather Thorstein and great-great-grandfather Ketil the Flat-Nosed. After the death of her second husband, Torgerd pulled back to Iceland. Haskulda she loved more than other children. When Torgerd died, Haskuld got all her good, although half was supposed to get Khrut.

A man named Bjarn had a daughter, Jorunn, a beautiful haughty girl. Haskuld embraced her and received consent. The wedding was magnificent - all guests left with rich gifts. Haskuld was in no way inferior to his father Call. He and Jorunn had several children: their sons were Torlake and Bard, and their daughters were Hallgerd and Turid. All of them promised to become outstanding people. Haskuld considered it humiliating for himself that his house was built worse than he would have liked. He bought a ship and drove out to the forest to Norway. Relatives living there greeted him with open arms. Konung Hakon was very merciful to him: he singled out a forest, presented a golden wrist and a sword. Haskuld bought a beautiful slave in Norway, although the merchant warned him that she was dumb. Haskuld shared a bed with her, but upon returning to Iceland he stopped paying attention to her. And Jorunn said that she would not start a quarrel with the concubine, but for everyone it is better that she is deaf and dumb. At the end of winter, the woman gave birth to an unusually beautiful boy. Haskuld ordered him to be called Olav, as his uncle Olav Feylan died shortly before. Olav stood out among other children, and Haskuld loved him very much. Once Haskuld heard mother Olav talking to his son. Approaching them, he asked the woman not to hide more than her name. She said that her name was Melkork and that she was the daughter of Murkyartan, King of Ireland. Haskuld replied that in vain did she withhold her high origin for so long. Yorunn did not change her attitude towards Melkork. Once, Melkorka took Jorunn off, and she hit her in the face with stockings. Melkorka got angry and broke Yorunn nose to blood. Haskuld separated the women and settled Melkork separately. Soon it became clear that her son Olav would be more beautiful and courteous than other people. Haskuld helped a man named Thord Goddy, and in gratitude he took Olav to education. Melkorka considered such an adoption humiliating, but Haskuld explained that she was short-sighted: Tord has no children, and after his death, Olav will inherit the property. Olav grew, became tall and strong. Haskuld called Olaoa Pavlin, and this nickname remained with him.

Hrut, the brother of Haskuld, was a retinue of King Harald. His mother, Gunnhild, valued him so highly that she did not want to compare anyone with him. Hrut was about to receive a large inheritance in Iceland, and the king gave him a ship. Gunnhild was very upset by his departure. When Khrut came to Haskuld, he said that his mother was not a beggar when she married in Norway. For three years, Khrut demanded his property on the tings, and many believed that he was right in this dispute. Then Khrut stole twenty heads of cattle from Haskuld and killed two servants. Haskuld was furious, but Jorunn advised him to go to the world with his brother. Haskuld then gave Khrut a portion of the inheritance, and Khrut compensated for the damage caused to him. Since then, they began to get along, as befits relatives.

Melkorka wanted Olav to go to Ireland and find his noble relatives. Wanting to help her son, she married Torbjarn Hilogo, and he gave Olav many goods. Haskuld did not like all this too much, but he did not object. Olav went to sea and soon reached Norway. Konung Harald received him very cordially. Gunnhild also showed him great attention because of his uncle, but people said that she would be glad to talk with him, even if he were not Khrut's nephew, then Olav went to Ireland. Mother taught him her language and gave the golden ring that her father gave her. King Murkyartan recognized Olav as his grandson and offered to make him heir, but Olav refused, not wanting to wage a war with the royal sons in the future. In parting, Murkyartan presented Olav with a spear with a gold tip and a skillful sword. When Olav returned to Norway, the king presented him with a ship with timber and a robe of purple fabric. Olav's journey brought him great fame, because everyone knew about his noble origin and how he was received with honor in Norway and Ireland.

A year later, Haskuld started a conversation that it was time for Olav to marry, and said that he wanted to marry him Torgerd, daughter of Egil. Olav replied that he trusted the father’s choice, but he would be very unpleasant to receive a refusal. Haskuld went to Egil and asked for the hands of Torgerd for Olav. Egil accepted the matchmaking favorably, but Torgerd stated that she would never marry the son of a servant. Upon learning of this, Haskuld and Olav again came to Aigil's tent. On Olav was a purple robe donated by king Harald, and in his hands he held the sword of King Murkyartan. Seeing a beautiful elegant girl, Olav realized that it was Torgerd. He sat next to her on a bench, and they talked all day. After that, Torgerd said she would not oppose her father's decision. The wedding feast was held at Haskuld's house. There were many guests, and everyone left with rich gifts. Olav then gave his father-in-law the precious sword of Murkyartan, and Egil's eyes flashed with joy. Olav and Torgerd fell in love with each other. Olav's farm was the richest in Laksdal. He built himself a new courtyard and gave it the name Hyardarholt (“The hill on which the herd gathers”). Everyone loved Olav very much, because he always fairly settled disputes. Olav was considered the most notable of the sons of Haskuld. When Haskuld fell ill in his old age, he sent for his sons. Torlake and Bard, born in a marriage, were supposed to share the inheritance, but Haskuld asked to give the third part to Olav. Torlake objected that Olav already had a lot of good. Then Haskuld gave Olav a golden wrist and a sword, received from the king of Hakon. Then Haskuld died, and the brothers decided to give him a magnificent fever. Bard and Olav got along with each other, and Olav and Torlake were at enmity. Summer came, people began to prepare for the ting, and it was clear that Olav would be given more honor than his brothers. When Olav climbed the Rock of Law and invited everyone to a feast in honor of Haskuld, Torlake and Bard expressed dissatisfaction - it seemed to them that Olav had gone too far. Trizna was magnificent and brought great fame to the brothers, but Olav was still the first among them. Wanting to make peace with Torlake, Olav proposed to bring up his three-year-old son Bolly for the upbringing. Torlake agreed, so Bolly grew up in Hyardarholt. Olav and Torgerd loved him no less than their children. Olav named Kjartan in honor of King Murkyartan. Kjartan was the most beautiful of all husbands who were ever born in Iceland. He was as tall and strong as Egil - his maternal grandfather. Kjartan achieved perfection in everything, and people admired him. He was an excellent warrior and swimmer, distinguished by a cheerful and kind disposition. Olav loved him more than other children. And Bolly was the first after Kjartan in agility and strength. He was tall and handsome, always dressed richly. The named brothers loved each other very much.

The famous Norwegian Viking Geimrund wound up to Turid, the daughter of Olav. Olav did not like this marriage, but Torgerd considered it profitable. The life of Geirmund and Turid was not happy through the fault of both parties. Three winters Turid left Geirmund and stole his sword by deception - this blade was called Photbit (“Nogorez”) and never rusted. Geirmund told Turid that Photbit would take the life of that husband whose death would be the worst loss for the family and the cause of the greatest misfortunes. Upon returning home, Turid gave Bolly the sword, which has since not parted with him.

In Laugar lived a man named Osvivr. He had five sons and a daughter named Gudrun. She was the first among the women of Iceland in beauty and intelligence. Once Gudrun met her cousin Guest, who had the gift of providence. She told him four of her dreams, and Guest explained them this way: Gudrun will have four husbands - she will not love the first one at all and will leave him, she will love the second, but he will drown, the third will be no more expensive than the second, and the fourth will keep her in fear and submission. After that, Guest stopped by to visit Olav. Olav asked which of the young people would be the most outstanding person, and Guest said that Kjartan would be glorified more than others. Then Guest went to his son. He asked why he had tears in his eyes. Guest replied that the time would come when at the feet of Bolly Kjartan would fall, and then Bolly himself would suffer death.

Oswyvre grabbed his daughter for Torvald - a rich man, but not brave. Nobody asked Gudrun for opinions, and she did not hide her discontent. They lived together for two winters. Then Gudrun left her husband. A man named Tord was often in their house: people used to say that between him and Gudrun there was a love affair. Gudrun demanded that Tord divorce his wife Aud. He did so, and then married Gudrun in Laugar. Their life together was happy, but soon Tord's ship crashed on pitfalls. Gudrun was greatly saddened by Thord's death.

Olav and Osvivr were very friendly at that time. Kjartan liked talking with Gudrun because she was smart and eloquent. People said that Kjartan and Gudrun fit together. Once Olav said that he valued Gudrun very much, but his heart sank every time Kjartan went to Laugar. Kjartan replied that misgivings do not always come true. He continued to visit Gudrun as before, and Bolly always accompanied him. A year later, Kjartan wanted to go on a trip. Gudrun was very annoyed by this decision. Kjartan asked her to wait for him for three years. In Norway, Kjartan with Bolly and their companions at the insistence of King Olav accepted the new faith.

King Inhibyarg's sister was considered the most beautiful woman in the country. She really enjoyed talking with Kjartan, and people noticed it. In the summer, the king sent people to Iceland to preach a new faith. He kept Kjartan with him, and Bolly decided to return home. The so-called brothers broke up for the first time. Bolly met with Gudrun and answered all her questions about Kjartan, mentioning the great friendship between him and the king's sister. Gudrun said that this was good news, but she blushed, and people realized that she was not as happy for Kjartan as she would like to show. After a while, Bolly embraced Gudrun. She said that she would not marry a single person while Kjartan was alive. However, Oswyr desired this marriage, and Gudrun did not dare to argue with her father. They played the wedding with great pomp. Bolly spent the winter in Aaugar. His life with his wife was not particularly happy due to the fault of Gudrun.

In the summer, Kjartan asked King Olav to let him go to Iceland, since all the people there had already converted to Christianity. Konung said he would not break the word, although Kjartan could have the highest position in Norway. In parting, Inhibyarg gave Kjartan a gold-embroidered white headscarf and said it was a wedding present for Gudrun, the daughter of Osvivr. When Kjartan got on the ship, King Olav looked after him for a long time, and then said that it was not easy to avert evil rock - great misfortunes threaten Kjartan and his family.

Olav and Osvivr still have the habit of inviting each other to visit. Kjartan went to Laugar with great reluctance and behaved with restraint. Bolly wanted to give him horses, but Kjartan said he did not like horses. The named brothers parted coldly, and Olav was very upset by this. Then Kjartan clung to Hrevna, daughter of Calw. It was a very beautiful girl. At the wedding, Kjartan presented his wife with a gold-embroidered headscarf - no one in Iceland had ever seen such an expensive thing. Kjartan and Hrevna are very attached to each other.

Soon Osvivr arrived at the feast to Olav. Gudrun asked Hrevna to show the scarf and looked at him for a long time. When the guests were about to leave, Kjartan discovered that his sword was gone - a gift from the king. It turned out that Torolv, one of the sons of Osvivr, stole it. Kjartan was very hurt by this, but Olav forbade him to engage in a feud with relatives. After some time, people from Laksdal went to Laugar. Kjartan wanted to stay home, but yielded to his father's requests. They were received very well. In the morning, the women began to dress, and Khrevna saw that her head scarf had disappeared. Kjartan told Bolly everything he thinks about it. In response, Gudrun noted that Kjartan should not tuss out extinct coals, and the scarf does not belong to Khrevna, but to other people. Mutual invitations have since ceased. Between people from Laksdal and Laugara there was an undisguised enmity.

Soon Kjartan gathered sixty people and arrived in Laugar. He ordered the doors to be guarded and did not let anyone out for three days, so everyone had to relieve themselves right in the house. The sons of Oswyvre became frantic: they believed that Kjartan would have done less harm to them if he killed one or two servants. Gudrun spoke little, but it was clear that she was offended more than others. At Easter, it happened that Kjartan rode past Laugar with just one guide. Gudrun urged her brothers and husband to attack him. Kjartan bravely defended himself and inflicted great damage on the sons of Oswyvr.Bolly did not initially take part in the battle, but then rushed to Kjartan with a sword. Gudrun was glad, because Tonight Khrevna would not lie in bed laughing. Olav was hard on the death of Kjartan, but forbade his sons to touch Bolly. Not daring to disobey their father, they killed only those who were with Bolly and the sons of Oswyr. Crewne no longer married and died very soon, because her heart was broken from suffering.

Olav turned to relatives for help, and on the ting, all the sons of Osvivra were outlawed. From Bolly Olav demanded only a virus, and he willingly paid. After the death of Olav Torgerd began to incite the sons to avenge Bolly. The sons of Olav gathered people, attacked Bolly and killed him. Gudrun was then pregnant. Soon she gave birth to a son and named him Bolly. Her eldest son, Torlake, was four years old when his father was killed. A few years later, a man named Torgils began to get married to Gudrun. Gudrun said that it was first necessary to avenge Bolly. Torgils, along with his sons Gudrun, killed one of the perpetrators of Bolly's death. Despite this, Gudrun refused marriage, and Torgils was very unhappy. Soon, he was killed right on the ting, and Gudrun married a powerful midfielder named Torkel. He obtained from the sons of Olav vira for the death of Bolly and began to survive them from Laxdahl. Gudrun regained a high position. But once the ship of Torkel fell into a storm and sank. Gudrun courageously suffered this death. After everything experienced, she became very devout and the first among the women of Iceland to learn the Psalter. Once Bolly, the son of Bolly, asked which of her husbands she loved the most. Gudrun said that Torkel was the most powerful, Bolly the bravest, Tord the smartest, and she did not want to say anything about Torvald. Bolly was not satisfied with this answer, and Gudrun said that she loved the one to whom she brought the greatest grief. She died in old age and before her death, she became blind. Many remarkable things are told about her descendants in other sagas.