Most people miss it, but it is a great place for a stop and possible picnic. And there is a small easily accessible cave behind the waterfall.

How to find Skútafoss:

Skútafoss in on the Icelandic South Coast bit away from all its hustle and bustle. If you are driving on the Ring Road anti clockwise, than it is 6 kilometers (4 miles) behind the tunnel close to Höfn. Just turn off into the mountains here (GPS: 64.338656, -14.930433). Park here your car and follow the strem. 
GPS coordinates of the Skútafoss waterfall: 64.342169, -14.947695 Take me there!

Skútafoss waterfall photos: