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"The dragon is withered" is the first line of a poem found within the chapter "The Last Stage" of The Hobbit. The poem is sung by the Elves of Rivendell as Bilbo and Gandalf return to the Shire from Erebor at the end of their journey.
Poem excerpt
The dragon is withered,
His bones are now crumbled;
His armour is shivered,
His splendour is humbled!
Though sword shall be rusted,
And throne and crown perish
With strength that men trusted
And wealth that they cherish,
Here grass is still growing,
And leaves are yet swinging,
The white water flowing,
And elves are yet singing
Come! Tra-la-la-lally!
Come back to the valley!
See also
References