Gandalf: Hold out your hand, Frodo. It's quite cool. What can you see? Can you see anything?
Frodo: Nothing. There's nothing. Wait... there are markings. It's some form of Elvish, I can't read it.
Gandalf: There are few who can. The language is the that of Mordor, which I will not utter here.
Frodo: Mordor?
Gandalf: In the common tongue it reads "One Ring to Rule Them All. One Ring to Find Them. One Ring to Bring Them All and In The Darkness Bind Them."

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Frodo finds the Ring where he stashed it. Gandolf throws it into the fireplace then pulls it out and hands it to Frodo.

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