Back in the 60's, J.R.R. Tolkien's The Hobbit was a huge cultural phenomena exploding its way into teen culture ("Frodo Lives" or "Bilbo Lives" was often spray-painted on University walls symbolizing pacifists who get pushed out of their comfort zone, forced to step out into the world and deal with its harsh realities). Nimoy and his song writing partners capitalized on this craze with this song as a single. The version seen here is a sketch from the short-lived 60's variety series Malibu U. It now makes its rounds online as a "music video".
I guess it's too much to ask for a remix of this for the upcoming Hobbit movie. Maybe by, oh I dunno, Akon or someone.