Farewell, Dear Bilbo/Keep it Secret, Keep it Safe|
Gandalf: I suppose you think that was terribly clever.
Bilbo: Come on, Gandalf. Did you see their faces?
Gandalf: There are many magic rings in this world, Bilbo Baggins, and none of them should be used lightly.
Bilbo: It was just a bit of fun! Oh, you're probably right, as usual. You will keep an eye on Frodo?
Gandalf: Two eyes, as often as I can spare them.
Bilbo: I'm leaving everything to him.
Gandalf: What about this ring of yours, is that staying too?
Bilbo: Yes, yes, it's in an envelope over there on the mantlepiece. No...wait...it's here in my pocket. Isn't that, isn't that odd now? Yet after all why, not? Why shouldn't I keep it?
Gandalf: I think you should leave the ring behind, Bilbo. Is that so hard?
Bilbo: Well, no. And yes. Now it comes to it, i don't feel like parting with it. It's mine, I found it, it came to me!
Gandalf: There's no need to get angry.
Bilbo: Well if I'm angry it's your fault! It's mine, my own...my precious.
Gandalf: Precious? It's been called that before, but not by you.
Bilbo: What business is it of yours what I do with my own things?
Gandalf: I think you've had that ring quite long enough.
Bilbo: You want it for yourself!
Gandalf: Bilbo Baggins! Do not take me for some conjurer of cheap tricks. I am not trying to rob you. I'm trying to help you. All your long years we've been friends. Trust me as you once did. Let it go.
Bilbo: You're right Gandalf. The ring must go to Frodo. It's late, the road is long, and yes, it is time.
Gandalf: Bilbo. The ring is still in your pocket.
Bilbo: Oh. Yes. [drops ring, leaves Bag End] I've thought up an ending for my book. And he lived happily ever after, to the end of his days.
Gandalf: And I'm sure you will, my dear friend.
Bilbo: Goodbye Gandalf.
Gandalf: Goodbye, dear Bilbo.
Bilbo: (faintly) The road goes ever on and on
Down from the door where it began...
Gandalf: ...until our next meeting.
Bilbo: (v.o.) It's mine. My own, my precious.
Gandalf: Riddles in the dark...
Frodo: Bilbo! Bilbo!
Frodo:He's gone, hasn't he? He talked for so long about leaving, I didn't think he'd really do it. Gandalf?
Gandalf: Bilbo's ring. He's gone to stay with the elves. He's left you Bag End. Along with all his possessions. The ring is yours now. Put it somewhere out of sight.
Frodo: Where are you going?
Gandalf: There are some things I must see to.
Frodo: What things?
Gandalf: Questions. Questions that need answering.
Frodo: But you've only just arrived! I don't understand.
Gandalf: Neither do I. Keep it secret. Keep it safe.