‘Ragnarok’ Season 3 Ending Explained – Is Magne Just Imagining Everything?

It’s official, Netflix’s Norwegian series Ragnarok has come to an end after its third and final season. Its original and modernised take on Norse Mythology characters such as Thor and Loki garnered quite a fanbase these past few years.

Many fans waited with anticipation as to how the events of the series’ last six episodes were going to unfold. However, the ending came as more of a shock to everyone watching, with a twist that nobody saw coming.

To quickly wrap up what happened before the finale – since the first season, each episode had been slowly building up to the famous world-ending Norse tale known as Ragnarök – hence the title of the show itself.

Although we get to see glimpses of a Ragnarök-like battle, the ending doesn’t exactly go down the traditional route that most viewers expected to see.

Ragnarok Season 3 Ending Explained

MAJOR SPOILERS AHEAD!!!

The penultimate Ragnarok season 3 episode shows a treaty being formed between the Gods and the Giants aka the Jotunn/ Jutul family.

After contemplating war or peace, Magne decides to call off Ragnarok by putting his weapon down to pursue a resolution that can benefit everyone. However, in the finale, Magne seemingly begins to foresee the world-ending event with short glimpses of a fiery battlefield where almost every character dies.

Just when everything seems to be going well for both the protagonists and ex-antagonists, a young Hod shoots Laurits’ boyfriend Jens who was previously reincarnated as the Norse God known as Baldur aka Thor’s brother.

It is foreshadowed during the final episode that Hod shooting Baldur was a pivotal moment in the Ragnarok tale, one that is devised by none other than Laurits aka Loki himself. Laurits can even be seen smirking with glowing eyes after Jens aka Baldur is shot with Hod’s god-killing arrow.

Despite Baldur being shot through the chest with an arrow out in public, nobody seems to panic or even notice except for Magne who frantically panics. Glimpses of the near future then show Magne and his allies fighting against the Jutul family, a battle that ends almost identically to Norse Mythology’s telling.

Laurits orders his world serpent Jörmungandr to kill Magne aka Thor, however, Magne kills the giant snake using his trusty hammer Mjollnir. Sadly, the serpent’s tooth which is filled with venom strong enough to kill gods, slices Magne’s back.

The main thing that feels odd during this whole scene is that it seems to be taking place in Magne’s head the entire time as he is also shown to still be standing in a safe location, seemingly imagining everything that is being presented. Famously, Thor only took nine steps after his fatal wound caused by the world serpent, steps that Magne begins to take toward his love interest Signy.

Except he’s not on the battlefield, he’s out in public in a completely different setting, still seemingly struggling to walk as if he has actually been killed.

Once Magne takes his nine “final” steps, all Ragnarok-related events seem to come to a sudden end, beginning the revelation that everything was just happening inside Magne’s mind – but for how long was he imagining everything?

Did Magne Just Imagine Everything The Whole Time?

One major plot point that hasn’t been confirmed is whether or not Magne had just imagined all three seasons of the series in his mind, at least the parts where he was a reincarnated version of Thor with a mission to face Ragnarok V2.

It’s seemingly revealed that Magne was imagining the final battle shown on the fiery battlefield, however, what about everything else? It’s now technically unclear if Magne and the rest of the characters were mythological beings at all.

All signs seem to point toward everything just being a figment of Magne’s imagination, both the events of the final episode and every episode prior.

Ragnarok tells the story of a teenage boy who struggles with a paranoid schizophrenic diagnosis as well as having to deal with a serious amount of trauma due to losing his father at a young age and witnessing the death of his friend, Isolde, among many other stressful events in his life.

Related: Netflix’s Ragnarok Cast Explain Season 3’s Ending – Confirming What Really Happened

Considering everything presented to us from the first season to the very last episode, it’s highly likely that the mythological events of Ragnarok never actually happened. Whether or not Magne imagined it all due to his diagnosis or if it was all just one big metaphor can be left up to fans’ interpretation.

Read our full Ragnarok Season 3 review here.

All seasons of Ragnarok are now streaming on Netflix.