The runic text has been taken from a cycle of poems from the Viking age, called Havamál, and is in the original tongue. It translates into something like:
Cattle die,
kinsmen die
all men are mortal.
Words of praise
will never perish
nor a noble name.
The whole tattoo resembles a Samoan pe'a and was done in a mixture of traditional Polynesian technique and Erik's own hand tattooing technique. It took two years to finish it.
The other leg has another runic text: A total quote of the oldest Danish folksong. (Translated: I dreamed myself a dream tonight, of silk and honest cloth).