What are the unattractive features of Mirkwood? Do you think the forest is evil? What about the enchanted stream?
What changes do you note happening in Bilbo in this chapter?
Why does Bilbo tell the dwarves about his magic ring? What does his reluctance to do so tell us? What do you think he learns from this?
Discuss the ancient feud between dwarves and elves? Whose fault is it? If neither side is in the right, how can you tell the difference between good and evil?