Bilbo's Speech: Insult or Compliment? - Tolkien Explained
Video from Nerd of the Rings
"I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve!" It's one of my favorite lines from Fellowship of the Ring. It's clever, it's complimentary (to some) and insulting (to others), and it shows how our lovable burglar, Bilbo Baggins loves a good joke!