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Bilbo Baggins

To insert one's big toe into another's anus for pleasure purposes.
I was surprised and greatly pleasured when he slipped his big toe into my asshole. I asked what he had just done and all he said was Bilbo Baggins!
Bilbo Baggins by Lilly Lulu May 30, 2017

Bilbo Baggins

A person that cannot hang. A lightweight who is always in the bag while drinking the least amount of alcohol..
Liam: “Look at Byron, He’s wasted off sipping twisted tea

Brad: “Yeah, looks like he’s in the Bilbo Baggins again.”

Bilbo Baggins

A colloquialism for a bag of cocaine to be enjoyed amongst friends
Hey mate! I put $100 on the pies to win paying $3. You know what that means?

Yelled together “Bilbo Baggins!!!”
Bilbo Baggins by Rerere! August 10, 2018

Bilbo Baggins

I call this sock full of sand bilbo baggins because it looks like a bag and when I was like 5 I had recently watched the hobbit and heard bilbo baggins.
Bilbo Baggins by CLOBESTANTINE January 29, 2021

Bilbo Baggins Pants

Gray sweat pants jaggedly cut off at the knee, commonly worn around the house. However, sometimes seen in public places like the grocery store and Walmart.

A unique way of recycling old school sweat pants with the ugly elastic ankle bands into shorts.
"Those bilbo baggins pants look nice with your sport sandals"
"Why you go wearing bilbo baggins pants all the time?"

Bilbo Baggins'd 

Reflexive Verb (v): Being Bilbo Bagisn'd means one has just been shuddered at, in surprise and alarm, while trying to reach for a marijuana smoking device. The person doing the bagginsing will generally mimick the suprised and alarmed face of Bilbo Baggins yelling "don't touch it!", or some other defensive speech pattern, while hiding the bong as if it is the most precious thing in the world to them.
Stoner 1: Hey dude lemme hit that Shii--(while reaching for bowl)

Stoner 2: (turns away erratically while pulling bowl in safer area next to his chest), exhibits some strange noise as a manifestation of a defensive and alarmed response, or yells, "don't touch it"

Stoner 3 to Stoner 1 " ha you just got bilbo baggins'd son!"
Bilbo Baggins'd by Pizazzle February 5, 2010