In the middle of the earth, in the land of the shire,
lives a brave little hobbit whom we all admire
with his long wooden pipe,
fuzzy-willy toes,
he lives in a hobbit hole
and every body knows him;
He's Bilbo! Bilbo baggins, he's only 3 feet tall.
Bilbo, Bilbo baggins, the bravest little hobbit of them all!
In the middle of the earth, in the land of the shire...
Have you been drinking?
nah, if it were drinking, the poem would be more like:
Once upon a midnight dreary, while I pondered, weak and weary,
Over many a quaint and curious volume of forgotten lore,
While I nodded, nearly napping, suddenly there came a tapping,
As of some one gently rapping, rapping at my chamber door.
"'Tis some visitor," I muttered, "tapping at my chamber door-
Only this, and nothing more."
then maybe he's been smoking something interesting??
Hobbits are peace-lovin' folks, you know.
They're never in a hurry, and they take things slow.
They don't like to travel away from home,
they just like to eat and be left alone.
But one day Bilbo was asked to go
on a big adventure to the caves below
to help some dwarves get back their gold
that was stolen by a dragon in the days of old.
He fought with the goblins!
He battled a troll!
He riddled with Gollum,
a magic ring he stole!
He was chased by wolves,
Lost in a forest,
Escaped in a barrel from the Elf King's halls,
He's Bilbo, Bilbo Baggins, the bravest little hobbit of them all!
Now he's back in his home,
In the land of the shire,
That brave little hobbit whom we all admire.
Just sittin' on a treasure of silver and gold,
Puffin' on his pipe in his hobbit hole.
Bilbo, Bilbo Baggins! Only three feet tall.
Bilbo, Bilbo Baggins! The bravest little hobbit of them all!
any music,
so that i can sing the lyrics... (or just ur guys mutter?)
Edgar Allen Poe's - The Raven
No music for that, just someone rapping, rapping at my chamber door
Wait, I know this one, in fact I've even sung along to it before. Who the hell did this absolutely dire novelty pop -- wait I know ... it was friggin pointy ears himself, wasn't it? Leonard Illogical Captain Nimoy!!!!!!!!!!!
Norm
Do I get 10 points for that answer?
A Spock-lover's review of Nimoy on vinyl:
But like a junkie doing a toilet-dive for that last, sweet hit, Nimoy fished around in the foul depths of his “singing” “career” and came up with “The Ballad of Bilbo Baggins” in his dripping hand.
Check it out: http://www.ius.edu/journalism/F2001/100801Mark.html
Norm 
Yeah, I just love that song. 
I've enjoyed this one. Brilliant duo, these guys.