Having killed his father Laufey in WAR OF THE REALMS #6,
Loki is now King of the giants, ruling over Jotunheim. But when his people need
him, he is not there. They terrify Loki’s sidekick Drrf into revealing where he
is…
…which is in a secret casino, shooting craps and flirting
with women. When the management decides he’s won enough, they send over their
bouncer the Armadillo to persuade him to leave. Loki responds with snake venom
sprayed into the big guy’s eyes which sends him into a rampage which hurls Loki
out of the casino which just happens to be in an airship….
Heimdall observes….
In Asgard, Thor is awakened by a vison of a figure that
resembles either Odin or an older version of himself, bearing Mjolnir, warning him
to stop his brother who will be the end of all things, as the Unfather is
coming. The Thunder God assumes it is a joke by Loki but decides to follow it
up anyway….
Meanwhile, back at the ruined casino, a rat transforms into
an owl and brings the news to its master Nightmare who decides that, with Loki
absent, it would be a good time to conquer Jotunheim….
Thor bails Loki out of jail, though Loki denies having sent
a vision to Thor. Back in Jotunheim, Loki scolds Drrf for revealing his whereabouts.
The important issue the giants had for him was to settle a dispute over ownership
of an exe; the new King brushes them off with some double-talk and turns his attention
back to Thor. The Thunder God advises him to stay among his people but instead
Loki creates a giant out of snow and twigs and gives it life with the Norn Stones.
Calling it Frosti, he names it his new right-hand man, in charge of protecting
the kingdom. Thor thinks this absurd—until Nightmare arrives with an attack. Frosti
quickly swallows the villain while Loki drives off his minions. To teach him to
take his kingly responsibilities more seriously, Thor then drags Loki off to
Omnipotence City and to the Halls of All-Knowing. Thor gives him the Books of
Loki and asks him if he wants to see how they end….
Epilogue: The being who appeared to Thor in a vision crashes to Earth in
some future time and a girl names Izzy hurries over to see if “God” is dead….