This is the 972nd most frequent Icelandic word.
stefán
"Stefán" is a proper noun, typically used as an Icelandic male given name.
Here, 'Stefán' is a proper noun, used as a male given name.
Stefán er vinur minn.
Stefán is my friend.
In this sentence, 'stefán' refers to a poetic stanza or verse, displaying its noun usage.
Við stefnum á að bæta stefán í nýtt lag.
We aim to add a verse to the new song.
Here, the related word 'stefndi' (from the root stefna) is a verb meaning to aim or direct, showing use in a different context related to the same root.