Afterwards Eirik Bloodaxe was crowned co-king, and as Thorolf headed home to Iceland, the king gave him a gold-inlaid ax as a gift to Skallagrim. Skallagrim abused the ax (named "King's Gift" or "konungsnautr") and shattered it, reciting an insulting poem about it to Thorolf and handing back what was left of the axe, a sooty handle with a rusted blade. Thorolf flung the axe overboard, but reported to King Eirik that his father was grateful for the axe, presenting a bolt of longship sail cloth pretended to be from Skallagrim. In this way Thorolf managed to somewhat keep the peace between Skallagrim and King Eirik Bloodaxe.