The Isle of the Gods is a small island dominated by an enormous volcano.  The mountainous region around it is populated by many Goblinoid races, Giants and their kin, and other beings that desire the heat in their lives.  The island itself is basically unexplored to those not of these races, so it is not fully known what resides there.  The name comes from overhearing the Goblinoids races found there where they called it specifically, “The Island of the Gods”.