Asgardian parties do not last as long as Elven ones. In the morning it is in fact over.

And then Thor gets to fight everyone! Thor gets to fight everyone, right? Thor was really looking forward to fighting everyone.

Of course Thor gets to fight everyone. Is the plan still "everyone including Loki versus Thor, less anyone who spent the last extended period of time in Doriath, simultaneously"?

Depends what Thor wants to get out of the fight, but that'll probably be the most fun.

So Loki puts the Tesseract somewhere which is not in Lævateinn and outlines less-brutal-than "until someone yields" rules of Asgardian combat and inquires of her sister if osanwë is cheating?

"...it may be," says Thor. "But I did let Huan sing magic... I'll allow it."

Cool. There's all sorts of sparring-grade weapons around, what does everybody want?

Are there things that are balanced like the swords they're most accustomed to? There are! Those will do.

Loki is not going to teleport or use ice or turn invisible. She's so restrained. (She will use the heck out of Lævateinn's shapeshifting and osanwë to make this interesting.)

Thor puts Mjolnir down by the weapons rack and picks up a less legendary hammer and then she gets to fight everyone! Whee!

This is as much fun for everyone as it is for Thor! The Quendi have come a long ways in the few decades since they invented swords.

Loki knows Thor's tells insofar as she has any. And osanwë has been declared Not Cheating.

The Elves are also getting pretty practiced at using it to coordinate. They can at least give Thor a terribly hard time.

It's the toughest bout she's had in decades. She loves it.

Lúthien is looking so enraptured and terrified that Maitimo practically has to hold her in her seat.

Everyone is in a very good mood afterwards. Sparring is fun.

Thor beams at everyone. "You fought well for beginners!" she says to the Quendi combatants. "I haven't been that challenged in years! And I'm glad to see you haven't lost your touch, sister!"

"When Loki first met us," Irissë says, "the first thing she said was that if her sister landed she'd probably bound off to challenge Moringotto immediately. I would have liked to see that fight."

"As would I," says Thor. "But if my bout with Huan is anything to go by, I'd have lost to Moringotho and then I suppose Loki would've had to avenge me."

"And she had rather enough to avenge," Findekáno says firmly.

"And then I would have had to wait to have our reunion until I invented yet another spell and it would have been awful for my temper."

Thor laughs. "So it's a good thing you were the one accidentally exiled to Arda."

"Certainly the best thing that ever happened to Arda," Tyelcormo says.

"Thank the Tesseract for that one, it thought I was being too boring."