While Gollum watched his ring by night
All seated on the ground
The Bilbo of the Shire came down
And took the shiny Ring
And took the shiny Ring

Oh, Gollum found him on the shore
And challenged him to a contest
Whoever stumps the other one first
Will get their own way then
Will get their own way then

Oh, Bilbo won the game this time
And Gollum got real mad
Oh, Bilbo slipped the little Ring on
He vanished into thin air
He vanished into thin air

Oh, Gollum tried to find Bilbo
But without any luck
Oh, Bilbo silently followed him
And got out of the cave
And got out of the cave

The dwarves were wondering where he was
They were very, very worried
Until Bilbo suddenly showed up
And they were glad to see him
And they were oh, so glad