Intro:
The timing is hard to get right so I'll write it out.

G           C           Bm         Em7
1  2  3  4  1  2  3  4  1  2  3  4  1  2  3  4

D           G *          C           Bm     
1  2  3  4  1  2  3  4  1  2  3  4  1  2  3  4

Em7 *  D *                         G *          C
1  2  3  4  1  2  3  4  1  2  3  4  1  2  3  4

         Bm         Em7 *D *          G * C
1  2  3  4  1  2  3  4  1  2  3  4  1  2  3  4

Bm         Em7 *D *
1  2  3  4  1  2  3  4  1  2  3  4  1  2

Then Jonsi comes in.

Em7 * D *
heys?tan
           G *    C
h?f?um ?au hall? r?
        Bm   D
en ?g sl?
Em7 *     D *
?g sl? t?n
              G *        C
?g hef slegi? fjandans n?g
        Bm   D *
en ?g sl?
Em7 * D *
heys?tan
          G *    C
?? fer a? fj?ka ?t
     Bm   D *        G *
?t ? m?...    (?g dr?)
   Am   Em       Bm
heyvagn ? massey ferguson
         C     Bm
?v? hann gaf undan
       C     D/F#           G **
og m?r f?tur rann... andskotann
  D/F#     Em
?g var? undan
       Bm
og n? hv?li h?r
    C       Bm
me? beygla? der
   C      D/F#     Bm    Em
og s?ttur halla n? h?f?i h?r


Outro:

Em7 * D *  -wait-  G * C  -wait-  Bm D *