here are my understandings , and my theories , maybe they are not correct 100 % :
i use the pages 's numbers of the official japanese version . page 1 and 2 are introduction pages for the characters :
page 5 :
- dragon girl : ... rin-nee , ... queen consort-sama ...
- rin : ... brunhild-sama is/was my owner ...
i guess rin says this because her real identity is the magic ring nibelung of brunhild .
page 7 :
in the hospital room , the artist didnt bother to draw gawain and sinbad , because they are just 2 random losers , lol .
- my **** is throbbing so hard for you , nurse-san .
page 10 :
- hildebrand-sensei : ... you-dono gave the ring to her , right ? ...
- siegfried : ... ore-sama 's wife ...
page 14 :
- brunhild : yo siegfried , the time is midnight , and im wearing skimpy clothes , and i go into your bed-room , and im hoping for some love-making with you . i give you my ring (my virginity) , ... and i ask you ... to ... marry ... a ... girl (me) ... , will you marry ... that girl (me) ? my ring (my virginity) is very precious to me .
- siegfried : ALL RIGHT . OKAY . ore will listen to your request . ore will marry that girl , kriemhild . ore will give your ring to kriemhild and ask her to marry me .
page 15 :
i guess you can say : hildebrand , a bara papa , is stretching a hole of siegfried , lol , i mean , his mouth-hole .
en.wikipedia.org/wiki/Bara_(genre)
page 16 , last panel :
- mask guy : after you , siegfried , were killed by hagen , if kriemhild asked the ring to revive you , maybe the ring would just create a slime monster that could transform into you .
page 21 , panel 3 :
i dont fully understand what kriemhild is doing here . maybe she is stretching her body like a cat , because she is role-playing a cat .
- kriemhild : ... i want to become friends with other women ... , onee-sama / sister-in-law-sama ... , fufu , ... moh ...
last page , last panel :
the ring created a baby .
my theories :
kriemhild and rin look like they are around 20-years-old .
i guess the ring created rin , a clone of kriemhild .
maybe one of them is the real kriemhild , and the other is the fake , but i dont know which one .
or maybe both of them are the real kriemhild .
or maybe both of them are fakes .
maybe the ring could time-travel to 20 years ago , and it created the baby rin in the village .
or maybe the ring just created the adult rin , a few days / a few weeks / a few months ago , in the village , and the memories of rin and of the villagers / the memories of them living together for 20 years , are just fake memories .