Loki is the Norse Trickster god (originally a Jotun till he became Odin Allfather's blood-brother).
He plays some part in Ragnarok, the end of the world in Viking myth. For this reason he is often interpreted as a Satan figure.
Also, the only reason anyone knows any Norse myths is because of the Eddas, two writings on them. One was by Snorri Sturulson, and that writing is deeply influenced by Christianity. In Pagan beliefs, the end of the world is often seen as one being followed by renewal; it was seen differently by the pagans, and so Christian interpretation is, alas, inherently wrong.
Most Wiccans and other modern-day Pagans choose not to pray to Loki. He is the god of change, often change that is very necessary, hard to get through, and unwelcome at the time. Usually Loki's lessons are full of mischief, but the overall meaning is good-natured and helpful.
Loki is also, from a different perspective, a distinctly fey god. While the other Norse gods were all unchanging and fixed, as pagan gods usually are, Loki is the exact opposite, and it is well known that he did not come from Asgard as the Aesir did. Faeries, or fairies, are both destructive and constructive, being nature spirits, and Loki is very much the same. He both can and cannot be trusted. It depends very much on how anyone who prays to him interprets him, for he will appeal to that nature. "Watch what you wish for" applies to him in this case, for you will get what you want and find later that you shouldn't have wanted it.
Loki should not be confused with Satan; Satan represents destruction without cease. While Loki too is associated with fire, Loki's representation of it is the sort of fire that ravages a landscape and then allows many plants to grow there; the sort of destruction that makes way for a new beginning. The true Norse Satan figure is most likely Surtr, whose flaming sword, when drawn, signifies the end of the world. He comes from a land of eternal flame.
Loki is also an in-between god--not homosexual or transexual, but a shape-changer, who has spent time in the form of both a man and a woman, and has borne children. If he were pangender and/or pansexual, no one would be surprised. Androgyny and the telling of truth through lies (and jokes and parodies) are his domain. However, he dislikes being untrue to yourself to fit in.
He is traditionally supposed to have auburn hair. In the Tudor Humphries illustrations in Michael Harrison's 'The Doom of the Gods', he is shown in motley jester pants, harkening to his Trickster nature.
He is known as the "Father of Lies", among other things, but is not malicious.
Loki's first wife's name was Angrboda, and she bore three children: Fenrir, the oldest, was a giant wolf who killed Odin (blood brother to Loki and ruler of all the gods) in Ragnarok; the youngest was Jormungand, the Midgard serpent was a serpent who circled the world on the bottom of the ocean, devouring his own tail (an oroboros); he destroyed Thor (the Norse Zeus and Loki's constant companion). The middle child's name was Hel, which means death. Her lower body was that of a corpse, though her upper half was living. She rules Niflheim, or Helheim. Loki's second wife's name was Sigyn, and not much about her is known. They had two children, Vali and Narfi. When Loki was finally punished (in a manner similar to the crucifixion of Jesus), Vali was turned into a wolf and allowed to tear out Narfi's entrails, which were used to bind Loki to three stones. Skadi put a snake up above him and allowed the poison to drip onto his face. Sigyn held a bowl beneath it, to catch it; but whenever it became full, she had to turn away and empty it, and then the poison fell into his face.
Loki is more or less a nature god, not one of destruction; he is associated with the seasons and other natural changes, and like Mother Nature is unpredictable, playful, and sometimes dangerous. When prayed to it must be made clear afterwards that he is dismissed, otherwise the pagan has only himself to blame when he cannot find two matching socks the next morning.
His holiday is, fittingly, April Fool's Day.
Back before it came out in print again, I wanted a copy of Susan Kay's 'Phantom'. Since Erik wears a mask, and Loki's all about masks, I prayed to him to convince my dad to shell out 55 dollars on a used copy. Shortly afterward he ordered it, we walked into a bookstore, and I thought, "It would be really funny if I found that book here."
Unfortunately, we did, and bought it--for 50 cents! When a month later I heard it was coming back into print by popular demand, I knew Loki was dancing up in the clouds, laughing hysterically and my mortal stupidity. If I'd been patient, I would have got in good time, but Loki believes in everyone getting their wishes.
(True story.)
by Teja Anneliese August 11, 2006
An alternate spelling of the term 'low key' meaning a person who keeps things on the low so no one knows.
This man is loki, ain't no one gonna know something he knows.
by Loki February 17, 2005
an absolutely TERRIBLE cs player. quite possibly the worst in the world.
<loki> how do u buy the bomb?
<prism> ...
by roflcopter August 06, 2004
N.) To remain real calm and quiet like, like that asian kid in the front of the class who can't quite speak English yet. ( not that there's anything wrong with asians. )
Yo, I think Ms. McFadden is onto you about putting that Stink Bomb under her chair at the Teacher's Conference. You better stay loki for a while.
by G-Union June 20, 2003
A word to describe someone who indulges in homosexual activity on a grotesque level.
loki

I.E. inserting childrens toys into another person rectum of the same sex and then indulging in licking the feaces from the object.
by terrance darbit July 20, 2009
The story that I have heard about Loki is this - He was the god of mischief but started a rebellion in heaven, trying to take over. He lost and was banished from heaven. He then became the god of evil, and pretty much is now Satan. Now thats cool!
"So yeah, I roxor people's soxors"
by Laura April 06, 2005
The angel of death. God's sword-arm. He was responsible for the flood that lasted 40 days and nights, the destruction of Soddom and Gohmorrah, and several other things.
Also my long-time name online. Anyone with the name of Loki thats a moron is NOT me, but an imposter.
"Loki, you're a cool guy!"
by Loki November 15, 2004
Loki is a fictional character, a supervillain and sometime anti-hero that appears in comic books by Marvel Comics. He is the adoptive brother and archenemy of Thor. He is based on the being of the same name from Norse mythology. The character first appeared historically in Venus No. 6 (August 1949) and in modern day in Journey into Mystery No. 85 (October 1962). The character was created by writer Stan Lee, scripter Larry Lieber, and penciller Jack Kirby.

Loki has appeared in several ongoing series, limited series and alternate reality series, including his own 4-issue series Loki (2004). He appeared in the new issues of Young Avengers in 2013. He will appear in his solo series Loki: Agent of Asgard in 2014. The character has also appeared in associated Marvel merchandise including animated television series, clothing, toys, video games, and movies.

In 2009, Loki was ranked as IGN's 8th Greatest Comic Book Villain of All Time.

Tom Hiddleston first portrayed Loki in the 2011 live action film Thor then again in The Avengers (2012), Thor: The Dark World (2013), Avengers: Age of Ultron (2015) and Thor: Ragnarok (2017).
Many years ago, when Bor, ruler of Asgard, was battling frost giants, he followed a wounded giant to a powerful sorcerer that was waiting for him. The sorcerer caught him unaware, turning Bor into snow. Bor's son, Odin, found his father as he was blowing away; Bor begged Odin to find a sorcerer to free him, but Odin made no attempt to save his father. Bor cursed Odin saying that he would take in the son of a fallen king and raise it as his own. Not a week later, Odin himself led the Asgardians into battle against the Frost Giants and killed Laufey, who was the King, in personal combat. After slaying Laufey, Odin found a small Asgardian-sized child hidden within the primary stronghold of the Frost Giants. The child was Loki and Laufey had kept him hidden from his people due to his shame over his son's small size. Odin took the boy, out of a combination of pity, to appease his father, and because he was the son of a worthy adversary slain in honorable combat, and raised him as his son alongside his biological son Thor.
by The Centurion December 26, 2014

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