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Bjarnafoss is a tall waterfall tumbling right behind the small farming hamlet of Buðir. I had read that there's a legend saying that underneath the waterfall stands the "Lady of the Mountains" (Fjallkonan) though we weren't particularly looking for this so we couldn't see for ourselves. However, we did notice upon closer inspection that there were basalt columns near the bottom of the main section of the falls. That was further evidence to us of the interplay of lava and ice, which seemed to be a very common theme throughout our visit to Iceland.
Directions: We saw this waterfall at the junction of route 54 and 574 on the western end of the Snæfellsnes Peninsula. It is roughly 20km south of Ólafsvík along the Routes 29 and 54. Alternatively, the west approach along route 574 is about 99km northwest of Borgarnes.