SMÉAGOL Master... Master looks after us. Master wouldn’t hurt us.
GOLLUM:
Master broke his promise.
SMÉAGOL Don’t ask Sméagol. Poor, poor Sméagol.
GOLLUM:
Master betrayed us! Wicked, tricksy, false. We ought to wring his filthy little neck. [Twists the branch of a tree] Kill him! Kill him! Kill them both. And then we take the precious and we be the master.
SMÉAGOL [Scuttles and hides behind a tree] The fat hobbit, he knows. Eyes always watching.
GOLLUM:
Then we stabs them out. Put out his eyeses. And make HIM crawl.
SMÉAGOL [Bites on his finger and nods eagerly] Yes! Yes! Yes!
GOLLUM:
Kill them both.
SMÉAGOL Yes! No no! [Backs away against a tree] It’s too risky, it’s too risky.
[He looks in the direction of the hobbits]
SAM:
Where’s he gone? Hey Gollum, where are you?
FRODO:
Sméagol?
GOLLUM:
[Softly and sinisterly] We could let HER do it.
SMÉAGOL Yes. She could do it.
GOLLUM:
Yes, precious she could. And then we takes it once they’re dead.
SMÉAGOL Once they’re dead…
GOLLUM:
Shh… [He pops out from hiding in front of the hobbits.] SMÉAGOL Come on, hobbits. Long ways to go yet.
Sméagol will show you the way.
[He turns to walk on, with Frodo and Sam following behind.]