nausta blakks hlé-mána gífrs drífu gim-slöngvir "fire-brandisher of blizzard of ogress of protection-moon of steed of boat-shed" — from the Hafgerðingadrápa, by Þórður Sjáreksson (this is the longest kenning found in skaldic poetry; it simply means "warrior")
I've read around and can see how shorter kenning work (i.e. the ones on this list seem immediately obvious, such as 'bane of wood' kenning 'fire').
But I'm struggling to parse one quoted above, particularly the order in which the words apply because it has so many layers. As in, is it the 'fire-brandisher of blizzard' that is 'of ogress' or is the 'fire-brandisher' of the 'blizzard of ogress'?
How do I break this down to help understand the wordplay?