Who are you that would stand against me? [Bard, with the Black Arrow in hand, grabs his bow but finds it broken] Now that is a pity. What will you do now, Bowman? You are forsaken. No help will come. [crushes a building with his foot]

Now's our chance! Go now! Head to the open water!

Hmm. Is that your child? You cannot save him from the fire. He...will...BURN.

Bard

Stay still, son. Stay still.

Tell me, wretch...how now shall you challenge me? [Bard concentrates on Smaug's hollowed scale; last words] YOU HAVE NOTHING LEFT...BUT YOUR DEATH!!!!! [roars and makes his way to them]

Bard

Bain. Look at me. You look at me. A little to your left. [Bain moves slightly] That's it. [Just as Smaug heads toward them, he shoots the arrow and it strikes the dragon's heart, causing him to roar and scream in pain and crash into the tower] Bain! Hold on!
[The tower falls with Bard and Bain in it. Smaug continues to roar in pain, flying high until the light leaves his body. He plummets down into the ground, dead. The Master of Lake-town sees the dragon's body, and he can only freeze. The body lands on the Master, Braga, the guards, the boat, and the gold, crushing and killing them all; back at the Lonely Mountain, the dwarves and Bilbo hear the crash of Smaug's dead body in the lake]

What was that? What happened?

It fell. I saw it. It's dead. Smaug is dead!

By my beard, I think he's right! [points to birds flying to the mountain] Look there! The Ravens of Erebor are returning to the Mountain!

Balin

Aye. Word will spread. Before long, every soul in Middle-Earth will know...the dragon is dead!
[The dwarves cheer, but Thorin goes back to enter the Lonely Mountain]