Well.. I lied. It's not really a restaurant, but a hot dog stand. The British newspaper Guardian said them to be the best hot dog stand in Europe! The line can be long, but its still worth it.
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If you will not visit this yourself, some Icelander will drag you there anyway. Could be the best hot dogs you will ever try.
Order like a local and yell proudly "eina með öllu" (e. one with everything) when it's your turn.
Mon-Su: 10:00-00:30
Fr-Sa: 10:00-04:30