Sméagol:
[talking in his sleep] Too risky, too risky. The thieves! They stole it from us. Kill them. Kill them. kill them both! [wakes up] No!
Gollum:
Shhh! Quiet! Mustn't wake them, mustn't ruin it now!
Sméagol:
But they knows, they knows. They suspects us!
Gollum:
What is it saying, my Precious, my love? Is Sméagol losing his nerve?
Sméagol:
No! Not! Never! Sméagol hates nasty Hobbitses! Smeagol wants to see them... dead.
Gollum:
And we will. Sméagol did it once, he can do it again. It's ours. Ours!
Sméagol:
We must get the Precious. We must get it back!
Gollum:
Patience! Patience, my love. First we must lead them to her.
Sméagol:
We lead them to the winding stair.
Gollum:
Yes, the stairs. And then?
Sméagol:
Up, up, up, up, up the stairs we go. Until we come to... the tunnel!
Gollum:
And when they go in, there's no coming out. She's always hungry, she always needs to feed. She must eat, or she gets filthy Orcses.
Sméagol:
And they doesn't taste very nice, does they, Precious?
Gollum:
No... not very nice at all, my love. She hungers for sweeter meats. Hobbit meat. And when she throws away the bones, and the empty clothes, then we will find it!
Sméagol:
And take it for me!
Gollum:
[menacing] For us.
Sméagol:
[cowed] Yes, we... we meant for us.
Gollum:
[coughs] Gollum! Gollum! The Precious will be ours... once the Hobbitses are dead! [Gollum sees Sam's reflection over his shoulder, having heard everything]
Samwise Gamgee:
You treacherous little prick! [hits Sméagol and begins strangling him]
Sméagol:
No! No! Master!
Frodo Baggins:
[wakes up] No, Sam! Leave him alone!
Samwise Gamgee:
I heard it from his own mouth! He means to murder us!
Sméagol:
Never! Sméagol wouldn't hurt a fly! [screams] He's a horrid, fat Hobbit, who hates poor Sméagol, and who makes up nasty lies!
Samwise Gamgee:
You miserable little maggot! I'll stove your head in!! [lunges at Sméagol, but Frodo restrains him] Call me a liar?! You're a liar!
Frodo Baggins:
You scare him off, we're lost!
Samwise:
I don't care! I can't do it, Mr. Frodo, I won't wait around for him to kill us!
Frodo Baggins:
I'm not sending him away.
Samwise Gamgee:
You don't see it, do you? He's a damn villain.
Frodo Baggins:
We can't do this by ourselves, Sam. Not without a guide. I need you on my side.
Samwise Gamgee:
I'm on your side, Mr. Frodo.
Frodo Baggins:
I know, Sam. I know. Trust me. Come, Sméagol. [Smeagol follows Frodo and looks at Sam; Gollum grins evilly at Sam]