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A hobbit is a short, round, curly-haired, hairy-footed, ale-drinking, pipe-smoking, pig-like creature. You call someone a hobbit if they're too lazy to stand up and too fat to walk anywhere.
@danny: My cousin is a total hobbit. He eats like a horse and sleeps like a pig.
DM: You're a hobbit. You're a disgrace to the human race.
Text: My teacher calls me a hobbit. I'm gonna eat her alive.