I couldn't hear anything in that.
Agh, what happened? The audio was very very hard to hear. You beginning was pretty funny, when Gandalf was knocking on Bilbo's door, but I kind of lost it from there. I think if your parody followed the plot a bit closer, it'd be more impactive, but it just kind of goes off from time to time. The axe and the One Ring part was pretty funny. Just fix up the flow and try and make the audio a bit more audible (yeah, I know compression can be evil sometimes, but it really was hard to hear) and the next entry will be much funnier. Good luck.