New Fan film ideas?

[Elmo]

Something exciting, that can be done on a shoestring and of course is Tolkien! Might be a good idea to take it a bit away the LOTR era to avoid too many comparisons with Peter Jackson's effort so you have space to be original. But you have to keep it close enough to try and draw in people only familiar with the film. I'm not sure maybe a story about one of the hobbits who went on an adventure with Gandalf before Bilbo? One of the Took's children? Maybe too difficult to get the size of the hobbit right without it looking stupid. It would probably be difficult to do without the solid basis Tolkien would provide in extant writing.

There are probably far more better ideas than this, there are a lot of folk cleverer than me on this forum.