☄The Fellowship Of The Ring by J.R.R Tolkien☄Chapter 1☆☆3☄

On page one, the mentioning of Frodo tells of the wonderful event which happened in his young life. Out of all the cousins related to Bilbo, he picked Frodo to be his heir. Frodo moved to Bag End when still a young tween, to the horror of many of Bilbo's relatives (the Sackville-Bagginses).

Frodo and Bilbo shared the same birthday, which seemed to make them both happy, and for years celebrated splendid parties together.
These past events, of previous parties, demand the obligation to eliminate all integrated memories--seeing as Bilbo is going to throw a party that transcend all parties in the history of the Shire.
The supposition of this grandiose bash perceived by an extensive amount of hobbits is another birthday party for the two. Bilbo advances to the age of  111 and Frodo to the young age of 33, which will officially transition him into an adult.
Bilbo and Frodo secretly possess the knowledge that an intense and life altering event will take place after the party (or perhaps during). This will separate them for an innumerable age, though their fortitude finds reuniting a pleasure in forthcoming years.

The approaching party forced the compulsory attention of all conversations in the Shire. What respectable hobbit would deviate from exuding excitement at such a prospect looming in the near future? Even mere humans might exhibit such palpitations of excitement that their enervated hearts may cease to beat, though humans are not invited.
One wizard will be attending, whether he is man or magic is left to the imagination.

Presently, we will learn Frodo's prior history, but that will be for another time.

☄The Fellowship Of The Ring by J.R.R Tolkien☄Chapter 1☆☆1☄

Bilbo Baggins plays life unfair--he has more than he deserves or at least more than most hobbits, and definitely more than what's needed if he knew what's good for himself. Why should he appear fifty when he turned one hundred, and why should he have all the riches in the world stored in his secret hiding places.

Most hobbits have the desire to stay put in their little village, and never wander far from their doorsteps. Bilbo was the exception, and he had an adventure years ago that puts regular adventures to shame. He left the Shire and came back rich with treasure, or at least that's how the story runs.

Hobbits are prone to gossip, and comparable to all creatures throughout time, they tend to exaggerate a vast amount of deeds and crimes. Gossip regarding Bilbo Baggins has been a presence throughout most of the hobbit's lives, and now he's given them something to exaggerate to their wildest desires--a party.

It's a birthday party to be exact, and Bilbo will be one hundred and eleven, or as the hobbits call it, his eleventy-first birthday. For all of us that would be a long life, and for hobbits it would be the same.
Would the vast population of humans desire to live this long? I believe it would depend on the quality of life. If I could think, read, love and have my passions, then yes, I would love to live this ancient. If I wasn't cognizant of who I was or anyone else or great books were beyond my scope of understanding, then no I wouldn't care to be alive with my wrinkly and forgetful old self.

Why is Bilbo Baggins still so young, and is he happy with his youth? That is something we will find out at a later time.