The runic text indicates that the inscription is a memorial to a father from his two sons which also boasts of the skills of the sons in rune-making, claiming that the brothers were the most skilled in runes in Miðgarði or Middle Earth. One personal name in the inscription contains the name of the Norse pagan god Freyr as a theophoric name element. The father's name, Freysteinn, means Freyr's Stone. In addition, the Hár or High in the name Hásteinn, which means High Stone, may refer to the byname Hár of the god Odin. The names in the Fyrby Runestone inscription also reflect a common practice of that time in Scandinavia of repeating an element in a parent's name in the names of the children. Here the steinn from the father's name, Freystein, is repeated in the names of the two sons, Hásteinn and Holmsteinn, to show the family relationship. The statement that the sons placed stafa marga or many staffs in memory of their father may refer to the staves of the runes in the text. Two other inscriptions, DR 40 in Randbøl and Sm 16 in Nöbbele, make explicit use of the word staff to refer to runes. Other inscriptions which use the word in reference to the raising of a staff as a monument include Sö 196 in Kolsundet, Vs 1 in Stora Ryttern, U 226 in Bällsta, the now-lost U 332 in Vreta, and the now-lost U 849 in Balingsta.