The Vinyl 40rpm single record by Leonard Nimoy, The Ballad of Bilbo Baggins.
This record is a fantastic 60's throwback of when The Hobbit and Lord of the Rings was a hippie favourite, especially the Video (see below).
Commercial version
Promo
Has Bilbo spelt wrong “Billbo”
Here are a few Internet pages with some more details:
Lyrics
http://lyrics.wikia.com/wiki/Leonard_Nimoy:The_Ballad_Of_Bilbo_Baggins
Video
This is a classic bit of Tolkien history, a must see.
It was done for a short lived variety series Malibu U.
Albums
The song is also on the following records
Two Sides of Leonard Nimoy Album
Spaced Out Album (with William Shatner)
Space Odyssey Album
Theme from Star Trek EP
Dr Dementos 30th Anniversary Collection Album (Compilation)
Writer
The song was written and produced by Charles Randolph Grean
Charles Grean wrote and produced a lot of Nimoy's songs.
Other Occurrences
Audi Commercial
Leonard Nimoy sings some of the lyrics during an Audi commercial
The song has also featured in the Simpsons spin off book Comic Book Guys Book on Pop Culture
Cover versions
The song was covered by the following artists.
Volcano Suns (on the All-Night Lotus Party album)