Conversations

Limur - limb, member
Typpi - button, knob, prick/penis
Pirra - irritate
Endalaus - infinite
Dæmi - example, problem (in math)
Sog - sucking, suction
Skófatnaður - footwear
Skóf - lichen
Skafa - scrape
Fatnaður - clothes
Sko! - look here!
Sko til! - look!
Tyggigúmmí - chewing gum
Tyggja - chew
Gúmmí - rubber
Alvarlega - seriously
Íhuga - weigh, consider
Félagslegur - social
Ana - rush on, barge into
Fokk - fuck (slang taken from English)
Sjitt - shit (slang taken from English)
Vernda - protect, preserve
Oddur - point (ex. of a knife)
Hvass - sharp, harsh, keen, windy
Hegðun - conduct, behaviour
Stíga - step, rise, increase
Reyndar - as a matter of fact, in fact, actually, by the way
Líkami - body
Framleiða - produce, manufacture
Hár - hair
Dýr - expensive, costly, precious
Flasa - dandruff
Hentugur - practical, expedient
Líffæri - organ
Möguleiki - possibility
Misstíga sig - miss one's footing, take a false step
Afvegaleiða - mislead, lead astray
Útiloka - exclude, rule out, preclude
Samfélag - community, society
Frekar - rather
Auður - empty, deserted
Þarfnast - need, require
Húsaskjól - accomodation
Eflaust - without a doubt, doubtlessly
Detta - fail, drop, fall, stumble and fall

Taken from an online forum.