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Dad to Wally: Well, son, you'll be moving on to High School next year. Don't you think you've outgrown something like a Secret Decoder Ring, even one as unique as this?
Wally But golly, Dad, I've had it forever--ever since I found it on that Boy Scout campout.
Dad: Now Wally, you know good and well that you won it from Eddie [= Gollum] playing cards--and you really shouldn't have been betting to begin with. Isn't that all the more reason to let your brother have it?
Wally: Aw, Dad... But if you really want me to, I guess I can give it to the Beave. [Gives the Ring to his brother, tousling his hair as he does.] Here, kid. Be sure and take good care of it!
Beave/Frodo: G-gee, Wally, Thanks!
(Later, Eddie slyly enters the house to try to get the Ring back, but runs into June Cleaver):
Eddie: My, what a lovely ring you're wearing, Mrs. Cleaver!