The Hobbit Trailer: Bilbo Baggins Heads Out on An Unexpected Journey

Welcome back to Middle Earth!
The Hobbit: An Unexpected Journey won't hit theaters for another year, but you can feast your eyes on the long-awaited teaser trailer now.

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The clip kicks off with an older Bilbo Baggins (Ian Holm) explaining to Frodo (Elijah Wood) that he might not have told him about all of his adventures. Cut to our first look of Martin Freeman as a young Bilbo, who is recruited by Gandalf (Ian McKellen) to go on a journey with the Company of Dwarves to reclaim the Lost Dwarf Kingdom of Erebor from the dragon Smaug. Keep your eyes peeled for some other, um, precious familiar Lord of the Rings faces.The Hobbit: An Unexpected Journey, the first of two Hobbit films from Peter Jackson, opens Dec. 14, 2012.