For The Dancing and The Dreaming is a song composed by John Powell and Jónsi, and performed by Stoick (Gerard Butler), Gobber (Craig Ferguson), and Valka (Mary Jane Wells).
Stoick: I’ll swim and sail on savage seas with ne'er a fear of drowning. And gladly ride the waves of life if you will marry me. No scorching sun, nor freezing cold will st—
Gobber: WILL STOP ME ON MY JOUR—ney. Sorry.
Stoick: If you will promise me your heart. And love...
Valka: ...And love me for eternity. My dearest one, my darling dear, your mighty words astound me. But I’ve no need of mighty deeds when I feel your arms around me.
Stoick: But I would bring you rings of gold, I'd even sing you poetry! (Valka: Oh, would you?) And I would keep you from all harm if you would stay beside me!
Valka: I have no use for rings of gold, I care not for your poetry. I only want your hand to hold...
Stoick: I only want you near me!
Both: To love and kiss, to sweetly hold! For the dancing and the dreaming! Through all life’s sorrows and delights, I’ll keep your love inside me!
All: I’ll swim and sail on savage seas with ne'er a fear of drowning! And gladly ride the waves of life If you will marry me!
Gobber: Meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee, I'm still goiiiiiiiiiiiiiiiiiiinnnnnng! (Hiccup: Gobber.) I'm done.