This is the 746th most frequent Icelandic word.
félaga
The Icelandic word "félaga" means "companion" or "partner."
Here, 'félagi' is used to mean 'friend' or 'companion'.
Ég talaði við gamla félaga í dag.
I spoke with an old friend today.
In this case, 'félagi' denotes a member or associate of a group.
Við hittum félaga úr klúbbnum á fundinum.
We met colleagues from the club at the meeting.
Here, 'félaga' refers to members of a social circle or community.