Squeeze. Sigh. "Okay. - Did I guess right that she's planning on conquering Jötunheim and putting me on the throne because surely no one on Jötunheim will care anything for my qualifications as long as I'm blue?"
"...Conquering Jotunheim might not have turned out to be necessary, depending. She wasn't sure of exactly what she planned to do exactly when. I tried to tell her that adopting a child was going to be more complicated than she expected, but Thor had given her no reason to doubt her assumptions so far..."
"Of course." Sigh. "Telling Thor's going to be tremendous fun. ...Do you happen to know why I'm so short?"
"So," sighs Loki, when the giggles subside, "what's the best way to announce I'm alive, not planning to live anywhere I can't be as sorcerous as I please without hiding it, a frost giant - that one possibly only to selected parties - planning on toting the Tesseract around because I like it and it likes me back, etcetera?"
"...Stars, Loki, I have no idea," he says, venting another half-breath of helpless laughter at the thought. "What happened? Should I call for Thor - you should perhaps not show Thor your other face right away, but she'll be so relieved to know you're alive, I couldn't keep that from her for a moment longer than necessary..."
"This mischief-maker," she says, pointing at the Tesseract, "thought I wasn't being interesting enough or something, and knocked me into an alternate dimension where I landed on a stupid cylindrical planet and helped in a war effort against a real nasty piece of work of a god who I couldn't actually kill until I got out of the universe and got Heimdall to tell me where the Tesseract was. ...Sigyn probably thinks Odin killed me, he should know I'm alive right away too."
Loki laughs. She taps the corner of the Tesseract and crackles and looks for Thor.
Maybe she'll just surprise Sigyn anyway.
"Psst," says an illusion in his ear, softly softly. "I'm not dead. Thought you'd like to know."
Sigyn laughs.
"Am I a joke to you?" calls Fandral, who just took a bad fall in the practice match.
"But of course," he sings out merrily.
"Someone's about to fetch Thor to me so she can be a little less startled. I thought you wouldn't mind the startlement. If you thought Odin was trying to murder me, well, I thought that too, but it wasn't her, she is guilty of other errors but not that one."
The servant arrives almost as soon as it's over, and tells Thor that her father wants to see her in his weaving room. "Another time, friends!" she booms, clapping Hogun and Volstagg on the back once each and then offering Fandral a hand up.