On my third trek through Middle-earth, this is what I saw:
Three rings for the elf kings
Two shades of Gandalf
And One Ring to rule them all
Thunk Thunk Thunk
Gandalf the Grey was hit on the head by three gold rings that had materialized in the air above him.
"Ow!" he said and reached up to rub his head with the hand that had been about to pick up the one ring.
Damn, thought the ring. I almost had him.
The three elven rings rolled across the floor.
"Hey, Vilya, Narya, how've you been?" called Nenya.
"Nenya, good to see you! It's been ages!" Narya answered.
"Age, to be precise," said Vilya. "Who's wearing you now?"
The three rings rolled into a corner to talk about the good old days. Rolling over Gandalf the Grey's toes on their way.
"Stupid rings," Gandalf the Grey muttered. His head was still sore.
Bingo, thought the one ring.
"Gandalf, friend, are those little rings bothering you? You do know I have power over them? I can melt them where they sit. All I need is someone to wear me." It paused for dramatic effect. "That someone could be you."
Gandalf the Grey stared at the ring. Slowly, he reached down and picked it up.
"Good, now all you need to do is put me on, and those three rings can die. Go ahead, do it."
"Refreshments!" Gandalf the White shouted as he conjured up a buffet table. Gandalf the Grey stuck the ring in his pocket and went to grab a plate.
Overruled by a salad, the one ring thought. That's humiliating.