I'm not sure it's it was the intention or not, but hearing this song makes me think of an army of Draugr following Naglfar with Loki at the head of the ship. The Draugr sings their song as they are marching. Might not be the intention of the song, but it's definitely has the right "feel" to it. https://youtu.be/1tYBDbzWmXk?si=xAzbI9G6CHChV76T