Set in mythic pre-historic times, the story of a desperate battle against encroaching evil that pits young hobbit Frodo, who has inherited a magic ring from his uncle Bilbo, against the Dark Lord Sauron, who desperately wants the ring because it will enable him to enslave the people of Middle Earth. In his effort to thwart Sauron, Frodo recruits a fellowship of friends and a wizard, elf, dwarf and others on a mission to destroy the ring by casting it into the volcanic fires in the Crack of Doom, although the ring unleashes its own power in the struggle.