Smaug
[As the dwarves search for the Arkenstone in the Treasure Hoard, Bilbo paces around the entrance of Erebor, alone, and sits down in a corner. He recalls Smaug's words to him during his encounter]
I am almost tempted to let you take it...if only to see Oakenshield suffer. Watch it destroy him. Watch it corrupt his heart and drive him mad.
[Smaug lunges at Bilbo, but Bilbo puts the Ring on his finger and vanishes. Smaug looks around; Bilbo, invisible grabs the Arkenstone, puts it in his pocket and runs off, as Smaug breathes fire. After the flashback, Bilbo takes the Arkenstone out of his pocket and looks at it, wondering what to do with it]
