Former Killie entertainments manager Jim McSherry brought it back in the 90's.
Used to put the lyrics up on the big screens, but the team names were crudely edited depending on who we were playing to avoid offending the opposition
Technically Iceland is in the Arctic (only just) and the Faroes are grouped in with Greenland and Denmark on the Arctic council...
http://en.m.wikipedia.org/wiki/Arctic_Council