I believe it's like a monologue of Bilbo Baggins after the Battle of Five Armies ,where dwarves,men and elves have fought together. He also talks about Bard King of Esgaroth . There many ways to interpret this song when you have tolkien's mythology in mind though,so I may be not correct.
I believe it's like a monologue of Bilbo Baggins after the Battle of Five Armies ,where dwarves,men and elves have fought together. He also talks about Bard King of Esgaroth . There many ways to interpret this song when you have tolkien's mythology in mind though,so I may be not correct.