This is a fictional story meant to convey a higher truth.
I like stories such as this because it makes remembering concepts easier and also learning them. At least early on. But it also requires good teaching later or for example people will just view it on the surface. They may think Odin/Satan is literally an old one eyed man that spends his time wandering around. They missed the point.
The people smoking in hell around a circular table is a version of an old story that has versions in pretty much all the occult societies. It's about your higher self as some call it. Others call it the Black Sun.
Here is a link to a good explanation.
Tracy R. Twyman's Quintessential Publications: S. B. Alger Knows what happened to Tracy R. Twyman & Isaac Kappy, whom both were 'assets'.
quintessentialpublications.com