Nice hobbit. Nice master. Master will not hurt us, master will protect us, yes precious, protect us from the fat hobbit and other nasty things. Master is kind to poor Smeagol, because Smeagol knows, and Master understands.
But he has the precious, yes he does, my sweet – he keeps it from us, the nasty sneaking Baggins, and we doesn't know where he's taking it. Into the Black Lands! What business do the hobbitses have in there, we wonder? He's taking the precious to danger, and somewhere bad and dark in Mordor he will give it away forever and we will never have it again, and it was for us, for us only, precious. Our birthday present.
No, master will not give the precious to Orcses! Master knows, master understands. Master will not let them have it.
Master will give it to the Eye! Why else does nasty Baggins want to go into Mordor, all alone through a secret way? Tricksy, false, and slippery he is, we knows he will give it away.
We don't care anymore, precious, no we don't because we don't need it anymore. If master comes out alive from the black mountains without the precious we will be free, yes, and then we can go back to the way it was before with the others, with poor Deagol who gave us our birthday present. Master and Smeagol will live without it.
You think the Baggins will come out without it, and alive? No, precious, no… he will keep it or let Him have it or worse and either way he will die like a filthy sneaky hobbit and he deserves no less, does he precious? Master is tricking us. Master will not come out to laugh and talk like Deagol and Smeagol in days long ago.
Don't say that, don't say that, no, stop precious! We don't want to hear it. Maybe, maybe, no one knows. Maybe all will turn out like poor Smeagol hopes.
Poor Smeagol, eh precious? Poor Smeagol wants his Deagol back, that thief, and thinks Baggins can play the part, does he, precious?
No. No. Yes.
But we must remember, precious, what did we do that day so long ago? We squeeeeeezed the breath from his sneaky lungs. We wrung Deagol's neck, we did.
No, no, no! Stop! We will not hurt poor Master, poor Master has done nothing!
He is keeping the precious from us, yes?
We doesn't want it. …. Yes.
So did nasty Deagol. We wants the precious. We hates Baggins. What will we do?
Take the precious, maybe, but leave poor Master alive.
Take the precious. And wring the fat hobbit's fat neck. And kill Baggins.
No, no, we won't hurt Master! We won't, we promised!
Then, precious, we will lead him to Her. Yes, yes, precious… she will do it. And maybe poor hobbit gets out, it does not matter to us.
Poor master…
Master is going that way anyways, he wants into Mordor and he cannot go through the gate. It is not our fault if Baggins dies, and fat hobbit deserves all he gets, because the precious is ours.
Yes, yes, the precious is ours.
Master Baggins will go through the tunnel.
Yes, precious.
She will take care of him, and we will have it back.
Yes. To the tunnel. She will reward poor Smeagol for his gift.
"Come, hobbits! We must hurry, we must. To the long stairs we will take you, because poor Smeagol does what Master says to."
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