Some Filipino researchers has analyzed the epic “Biag ni Lam-ang” but none of them used textual analysis which distinguishes this study. Thus, the researcher examined the data by determining the thoughts, emotions, behaviors and folkways embedded in it. The thoughts discovered in the epic are bravery, sacrifice, heroism, justice, love, romance, relationship, journey and friendship. The behaviors of the characters are fearless, brave, loving, impulsive, reckless, faithful, hopeful and firm. Interestingly, feelings of love of family and loved ones, anger to enemies or rivals, pain to predicaments, determination to love someone, vengeance, and happiness are the primary emotions replicated in the epic. As to folkways, the following are the major results: Ilokanos are family- oriented, Ilokanos are into extended type of families, practice of giving dowry, courtship, giving emphasis on rivalry, Ilokanos value and sanctify friendship, belief in a “higher- being” and supernatural forces around nature, and Ilokanos interpret meaning from dreams and adheres to superstitions. Moreover, this textual analysis of Iloko epic can help preserve, conserve and propagate the genuine and rich culture and traditions of the Ilokanos in the Philippines. Furthermore, this study is hoped to benefit the Ilokano teachers and administrators particularly students as the findings can be used as a springboard in their content and pedagogy in teaching the macro skills such as reading, writing, speaking and listening and by giving them things to ponder on for them to realize and appreciate the beauty and authenticity of Ilokano mores because customarily speaking, this folk literature relate to and explicate several moral, spiritual, cultural, social, philosophical, ethnological, traditional and even educational aspects of a society from which it exist.