It's not the Ring But I like your "little" interpretation of the riddle. I'm not saying anything, though, about if it is correct or not (or what of it is correct and what not). I think also no more hints from me are needed. So from now on I'll just post "yes" or "no".
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"Should the story say 'he ate bread,' the dramatic producer can only show 'a piece of bread' according to his taste or fancy, but the hearer of the story will think of bread in general and picture it in some form of his own." -On Fairy-Stories
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