Mímir was the wisest of all beings, and his name in Old Norse means simply "the Rememberer" or "the Memorist." He kept watch over a well at the foot of the world-tree Yggdrasil, in the realm of the giants, and from this well Wisdom was drunk; the well took its name from him, the Well of Mímir. Odin himself, the chief of the gods, came to this well in his own search for wisdom, and Mímir would not give him to drink without payment: Odin must give one of his eyes, and let it sink into the well as a pledge. Odin agreed; one-eyed thereafter, he drank of the well and became the wisest of the gods.
When the war between the Aesir and the Vanir was settled by an exchange of hostages, Mímir was sent with the noble Hœnir to dwell among the Vanir as the Aesir's gift; but the Vanir, finding that Hœnir was a poor counselor without Mímir at his side, suspected they had been cheated, and beheaded Mímir, sending the head back to Asgard. Odin, receiving the head, embalmed it with herbs and chanted galdrar over it, that it might still speak; and ever after Mímir's head sat beside the well, giving counsel to Odin in the most secret matters.
It was to Mímir's head that Odin went on the eve of every great event; before Ragnarǫk itself, Odin would consult the head one final time. So the wisdom of Mímir, even in death, remained at the gods' service — and the eye that Odin had pledged was kept by Mímir, sunk in the depths of the well, the price for the wisdom the chief of the gods could never have purchased otherwise.






