This is the sort of thing that's so odd I can't believe I haven't seen it before. It's an unbelievably goofy music video ostensibly created in the late 60's to showcase the talents of Leonard Nimoy. Here he is singing the praises of everyone's favorite hobbit, Bilbo Baggins. He recounts the essentials of the story in electric-organ accompanied surreality. [Link: Spock on Hobbits]
I sincerely hope you all get to see it. It will either give you nightmares or goofy dreams. And this rockets to the top of my list for Things to include as hidden extras on the Return of The King DVD.