Gollum is looking over the ledge at Frodo and Sam. He notices Frodo has the ring and is stroking it carefully. Then he starts to sing.

I’m feelin lonely
I wanna have precious in my hand
I want to see it
Writing as clear as burning flame

We’re feelin kind of a-l-o-n-e
We just want it to come to us

Baby the minute we see it next to us
It’s vibe’s just taken over us
Start feelin so crazy babe
We feel precious coming over us
We don’t know what’s gotten into us
The rhythm’s got me feelin so crazy babe

Tonight we’ll be searching bad
We’ll going to find precious
We’re gonna find the hobbitses
And steal my precious from them
Tonight we’ll be a bad Gollum
We’re going to find precious
We see him stroke it up and down
And have to kills them

Precious so shiny, tonight we’ll get it back
We’ll slink the way own that ledge
Precious got me feelin a-l-o-n-e
We wants you home with us

Baby the minute we see it next to us
It’s vibe’s just taken over us
Start feelin so crazy babe
We feel precious coming over us
We don’t know what’s gotten into us
The rhythm’s got me feelin so crazy babe

Tonight we’ll be a Bad Gollum
We’ll going to find precious
We’re gonna find the hobbitses
And steal my precious from them
Tonight we’ll be a bad Gollum
We’re going to find precious
We see him stroke it up and down
And have to kills them

We love our precious greatly
We love our precious greatly
We love our precious greatly

Tonight we’ll be a bad Goollum
We’ll going to find precious
We’re gonna find the hobbitses
And steal my precious from them
Tonight we’ll be a bad Gollum
We’re going to find precious
We see him stroke it up and down
And have to kills them