Elrond: This is Orcrist, the Goblin Cleaver, a famous blade. Made by the High Elves of the West, my kin.
[hands it back to Thorin]
Elrond: May it serve you well.
[unsheathes Gandalf's sword]
Elrond: And this is Glamdring, the Foe-Hammer, sword of the King of Gondolin. These swords were made for the Goblin Wars long ago...
[Bilbo curiously looks at his own sword's blade]
Balin: Wouldn't bother, lad. Swords are named for the great deeds they do in war.
Bilbo Baggins: What are you saying? That my sword hasn't seen battle?
Balin: Not actually sure it is a sword. More of a letter opener, really.