Sauron, who thought that he might
for shoot for something a bit more
reasonable than a ring which controlled the universe. He's actually better than you might expect for someone with his slight build.
Gandolf said to his hobbit companion,"Remember, Frodo, the ring wants to
find it's owner. The Lord of the Dance does not need a ring, but a rhythm, and has since before Wizards came to this land."
Frodo was by now sleeping in
Gandolf's lap, I'm afraid, and dreaming of the perverted little stunts he could do when he got back to the Shire. He could give two tiny dukes what Sauron was doing.