When I heard this song I was determined to try and figure out who's point of view it's from and who it's talking to. <P>After a long time of coming up with the same theories you have I came up with another idea. If you notice the words in the second part are a twist on the words in the first part. I noticed this and came up with this theory:<P>The first part is from Smeogol's point of view and the second part if from Gollum's point of view.<P>I'm not quite sure yet who they're talking to. Whether to eachother like they did in the book or to Frodo or Sam. They may be even talking to the Ring.<P>But I have a strong feeling that Gollum/Smeagol's spit personalities have a part in this song.<P>Also remember that the Ring changes the way people think. So what's said in the song may not be true but just what Gollum/Smeogol thinks is true. Like when he thinks the ring was a birthday present.<P>Does this all make scence?
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"There's nothing you can do, Harry... nothing... he's gone."-Remus Lupin
"The closer we are to danger, the further we are from harm."-Pippin (now how can you argue with that logic?)
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