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The Skgafoss is one of the biggest waterfalls in the country with a width of 25 metres (82 feet) and a drop of 60 m (200 ft). Due to the amount of spray the waterfall consistently produces, a single or double rainbow is normally visible on sunny days. According to legend, the first Viking settler in the area, rasi rlfsson, buried a treasure in a cave behind the waterfall. The legend continues that locals found the chest years later, but were only able to grasp the ring on the side of the chest before it disappeared again. The ring was allegedly given to the local church. The old church door ring is now in a museum, though whether it gives any credence to the folklore is debatable.
This waterfall is one of the most popular tourist attractions in Iceland. The wide Hvt rushes southward, and about a kilometre above the falls it turns sharply to the right and flows down into a wide curved three-step "staircase" and then abruptly plunges in two stages As one first approaches the falls, the edge is obscured from view, so that it appears that the river simply vanishes into the earth.