They are associated with Útgarða-Loki, a great and devious giant featured in one of the myths concerning Thor and the other Loki who compete in rigged competitions held in the Outyards.
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In Norse mythology, Útgarðar (literal meaning: "Outyards"; plural of Útgarðr; the word can be anglicized to Utgard, Utgardar and in other ways) surrounded a stronghold of the giants.