"
With your blessing I will go
To turn at last to paths that lead home
And though where the road then takes me
I cannot tell
We came all this way
But now comes the day
To bid you farewell
This paragraph doesn't just explain a farewell from bilbo to the hobbits and gandalf, or farewell to those that lost others in the film but an also farewell from us to the hobbit films or vise versa a farewell from the films to us. It is a clever and well put together set of lyrics because it shows that bilbo doesn't know what he will do next but a farewell to his adventures. He came so far and eventually had to say farewell to all of it and return home but he will still have so many memories from everything he ventured through.