The film is the first of three about the misadventures of two friends, Þór and Danni. Two friends working at a restaurant get fired from their jobs and after seeing an advertisement for the fishing industry of the Westman Islands, decide to go there and make some money. The islands become a perfect setting for many funny and strange situations, especially after word gets around that the two are spies from the Ministry of Fisheries.

This is the story of how Þór and Danni run a farm. They get a job running a farm for a local farmer that is going on a vacation to sweden, they of course pronouns them selfs as experts in the field of agriculture, witch they of course aren't. When they have managed to get the "hold" of things they get the brilliant idea to have a agricultural seminar for city people on the farm.

Löggulíf is the third movie in the "-life" trilogy of knockabout comedies about the cheeky lads Thor and Danni. The others are New Life and Pastoral Life.