The word Vegvisir or Compass means “way finder” or “signpost” in Icelandic and the Vegvisir symbol is supposed to give guidance and protection. The Vegvisir pendant comes with a 60 cm square pearl chain. The word Vegvisir means “way finder” or “signpost” in Icelandic and the Vegvisir symbol is supposed to give guidance and protection. The Vegvisir pendant comes with a 60 cm square pearl chain.