Wayland was the Germanic god of blacksmiths. In Anglo-Saxon writing, he appears in Deor, Waldere and in Beowulf and the legend is shown on the Franks Casket.  Archived 2012-03-03 at the Wayback Machine
Wayland is connected with Wayland's Smithy, a burial mound in Oxfordshire. This was named by the Saxons, but it was there before them. The place has a superstition that says that if a horse is left there overnight with a small silver coin ("groat"), it would have new shoes by morning.
- Austin Simmons, The Cipherment of the Franks Casket (PDF) Archived 2012-03-03 at the Wayback Machine