Gandalf: Bilbo Baggins! (Bilbo flings himself towards the wall behind him) Do not take me for some conjurer of cheap tricks. I am not trying to rob you.(the room gets light again and Gandalf softens his voice) I’m trying to help you.

(Bilbo runs into Gandalf’s arms, weeping)

Gandalf: 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. Yes, it is time.

(He walks towards the door, opens it and starts to walk out)

Gandalf: Bilbo, the ring is still in your pocket.

(Bilbo stops and looks at Gandalf)

Bilbo: Oh, yes..

(He takes the Ring out of his pocket and looks at it with a stern face. Slowly, he turn his hand, letting the Ring fall to the floor. It hits the floor with a heavy thud. Quickly, Bilbo walks out, stopping a few strides from the door, taking deep breaths. Gandalf comes out after him)

Bilbo: I’ve thought of 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.

(He walks out of the gate, down the road going east, singing)

Bilbo: The road goes ever on and on
Down from the door where it began..

Gandalf: Until our next meeting.

(Gandalf goes back inside, he stares that the Ring on the floor, bends down and puts his hand over it as if to pick it up. Before he can even touch it, he sees a flash of the Eye of Sauron, surprised he leaves it. Gandalf sits in the study inside Bag End, smoking. He seems to be in deep thoughts)

(Voice over of Bilbo:) Its mine, my own, my precious!

Gandalf: (mutters) Riddles in the Dark.

(the door is flung open and Frodo arrives)