This is the 440th most frequent Icelandic word.
þýðir
"Þýðir" means "means" or "translates."
In this sentence, 'þýðir' is used to ask for the meaning of a word, translating to 'mean' in English.
Hvað þýðir þetta orð?
What does this word mean?
Here, 'þýðir' is used to explain the implication or significance of a statement, translating to 'means' in English.
Þetta þýðir að þú þarft að klára verkefnið.
This means that you need to complete the task.
In this case, 'þýðir' directly refers to the action of translating content from one language to another.