1.

If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.

2. “Good morning!” said Bilbo, and he meant it. The sun was shining, and the grass was very green. But Gandalf looked at him from under long bushy eyebrows that stuck out farther than the brim of his shady hat.

“What do you mean?” he said. “Do you wish me a good morning, or mean that it is a good morning whether I want it or not; or that you feel good this morning; or that it is a morning to be good on?” “All of them at once,” said Bilbo.

3. This thing all things devours:

Birds, beasts, trees, flowers;
Gnaws iron, bites steel;
Grinds hard stones to meal;
Slays king, ruins town,
And beats high mountain down.

One of Gollum’s riddles for Bilbo. The answer? “Time.”

4. It does not do to leave a live dragon out of your calculations, if you live near him… “Never laugh at live dragons, Bilbo you fool!” he said to himself, and it became a favorite saying of his later, and passed into a proverb.

5. Bonus: this song.