I deduce, from the tone of your face and the hair on your feet, that you are a hobbit, sent by the Great Wizard Gandalf on a quest. And that you have come here by request of the dwarves.
Don't listen to them - they lower the IQ of the whole street.
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Some HOBBITLOCK! Holding out for Sherlock season 3 and The Hobbit, so I thought I'd combine the 2.
Smauglock then went on to deduce that Bilbo Watson's magic ring was in fact The One Ring. They destroyed it in the fires of Mt. Doom, because that seemed like an entertaining diversion. Afterwards, Smauglock and Bilbo Watson went on many crazy hijinks together, solving mysteries all around middle earth. And since Smauglock actually cared more for being amused than for wealth, he eventually gave the dwarves their home and gold back, minus a fair, if sizable, chunk, which he kept for himself, because he IS a dragon, after all. And they all lived happily ever after, until the end of their days.
DAAAA BEST!!!!