Löggulíf is the third movie in the "-life" trilogy of knockabout comedies about the cheeky lads Thor and Danni. The others are New Life and Pastoral Life.

Magnús is a 45-year-old lawyer, whose routine is upset by the personal news that he is suffering from cancer. This causes Magnús to stop and think about himself, his life and his family. If his life is going to end sooner than he expected, he wants to know how much it's been worth to him. Has life been worth living? Is it worth fighting for; is it worth a struggle against death? He takes a look at his family, a group of ordinary people, who are the colourful heroes of everyday life, struggling along in a world far removed from the world of high finance, power politics and international intrigues, but yet to them their lives are lives of high adventure. Those adventures, from the sublime to the ridiculous, form the storyline of the film, told against the background of Magnús' dilemma.

This is the story of how Þór and Danni run a farm. They get a job running a farm for a local farmer that is going on a vacation to sweden, they of course pronouns them selfs as experts in the field of agriculture, witch they of course aren't. When they have managed to get the "hold" of things they get the brilliant idea to have a agricultural seminar for city people on the farm.

The widow has inherited half of the farm, and is in league with a businessman from the village, who wants to buy the farm. Her purpose is to get her in-laws to sell her their share, and she is prepared to use any means to gain her ends. But soon she finds herself threatened by unknown persons or forces in the menacing winter landscape, to the point where her life is at stake.