We Start to Free the Dwarves

And this is what I understood:

" 'It was a sharp struggle, but worth it,' said one. 'What nasty thick skins they have to be sure, but I'll wager there is a good juice inside.'

'Aye, they'll make a fine eating, when they've hung a bit,' said another. 

'Don't hang 'em too long,' said a third. 'They're not as fat as they might be. Been feeding none too well of late, I should guess.'

'Kill 'em, I say,' hissed a fourth; 'kill 'em now and hang 'em dead for a while.'

'They're dead now, I'll warrant,' said the first.

'That they are not. I saw one a-struggling just now. Just coming round again, I should say, after a bee-autiful sleep. I'll show you.' "

Then a fat spider crawled across one of the strings of silk and went to a place where there were twelve bundles of something were hanging from a high branch. I gasped; those bundles were the dwarves! The spider went to the fattest bundle-- "Poor Bombur," I thought-- and he pinched the nose that was sticking out. There was a muffled cry of pain and he kicked the spider which knocked it out of the tree. The spider caught itself with its own string that he was connected to. He crawled back up the tree and went back to his fellow spiders. I was getting so angry at those mean spiders. I reached for an arrow and my bow. I got ready while the spider was going back to Bombur. I saw a stone fly through the air and plop the spider on the head. It dropped to the floor with its legs curled up. I shot the arrow from my branch and it lay there... dead. 

Another rock went zooming through a giant web where a spider was sitting. The spider fell and I shot that one too and it lay there... dead. Soon, the colony of spiders were gathered together and tried to figure out where Bilbo was at. It was frightening for me because I was up in the trees where they were and I didn't have a ring of power to make me invisible. I tried my best to stay hidden and I guessed it worked because none of them caught me. They ran towards where Bilbo had been throwing the stones but they didn't find them there. Every time he would knock one down, I shot it to make sure it was dead. He started to make the spiders angry when he sang this song:

" 'Old fat spider sitting in a tree!

Old fat spider can't see me!

Attercop! Attercop!

Won't you stop,

Stop your spinning and look for me?

Old Tomnoddy, all big body

Old Tomnoddy can't spy me!

Attercop! Attercop!

Down you drop!

You'll never catch me up your tree!' "

  

Yes, it is pretty ridiculous but it was funny at the time. I laughed silently while the spiders got more angry. Bilbo led them away and I tried to figure out who was in which bundle. Then Bilbo appeared next to me.

"Keep an eye out while I untie this one. I think it's Fili," he explained. He cut the really thick strands and woke Fili up. We tried very hard not to laugh but we couldn't help it. He looked like a puppet trying to untangle his strings. When he was freed, he helped us try to free the rest of them. We untied Bombur first but he fell off the tree and into a pile of leaves on the floor and didn't move. We managed to free Kili, Bifur, Bofur, Nori, and Dori as well. We had five more dwarves to go and the spiders came for Bilbo. 

"There you are, you nasty little pest! We see you now and we'll eat you until you are just bones! He has got a sting, has he? Well, we'll eat you just the same and all of your friends too!" they hissed angrily. It seemed that there was going to be a battle and I was so ready for it.