Gandalf the Grey gifts Bilbo an elvish sword in the first clip from The Hobbit: An Unexpected Journey. Take a look:

The Hobbit Clip

Martin Freeman plays Bilbo, with Ian McKellen (who was just added to the X-Men: Days of Future Past cast) reprising his role as Gandalf. The film, a prequel to Peter Jackson's Lord of the Rings trilogy, is based on the book by J.R.R. Tolkien.

Rounding out the large cast is Richard Armitage, Ian Holm, Andy Serkis, Benedict Cumberbatch, Graham McTavish, Hugo Weaving (Cloud Atlas), Stephen Fry, Luke Evans, Billy Connolly, Cate Blanchett, and Elijah Wood.

The first installment of the three-part series will hit theaters December 14. Take a look at some The Hobbit stills for more.